 "fraud accounts, bank fraud")
Indian banks are grappling with several prominent fraud accounts with banks such as State Bank of India (SBI) classifying Reliance Communications (RCom) under this category.
SBI also reported former chairman of the group Anil Ambani to the Reserve Bank of India (RBI).
In a reply to SBI via his law firm, Ambani said the action was taken ex parte and in violation of natural justice.
Most of the earlier prominent fraud cases are under litigation.
Here are the prominent ones:
Bhushan Power and Steel: One of the biggest banking frauds in India came to light in the case of Bhushan
