In August 2025, which of the following banks declared the loan accounts of Reliance Communications and Anil Ambani as fraud, following a similar action by the State Bank of India (SBI)?
Bank Declares Reliance Communications Loan Fraud
The question asks to identify the bank that declared Reliance Communications and Anil Ambani's loan accounts as fraud in August 2025, subsequent to a similar action by the State Bank of India (SBI).
Based on the provided information, the Bank of India took this action regarding the loan accounts.
Key Event:
- Bank Declared Fraud: Bank of India.
- Entities Involved: Reliance Communications and Anil Ambani.
- Date Context: August 2025.
- Preceding Action: State Bank of India (SBI) had previously taken a similar step.
Therefore, the Bank of India is the correct answer.
Important Questions from Banking
The base financial year for the calculation of the all India Index of Industrial Production (IIP) is:
Which two entities collaborated to launch the FIRST EA₹N Credit Card?
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
What is the primary objective of the renewed partnership between SBI Payments and Pine Labs?
