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IDBI Bank classifies Reliance Communications' loan as fraudulent

pre-market1 source ↓written by the desknot a recommendation

IDBI Bank has classified Reliance Communications' loan account as fraudulent, complicating its ongoing insolvency resolution process. The bank has reported this to the Reserve Bank of India and notified law enforcement agencies, indicating potential irregularities that could impact stakeholders significantly. 📉

This development may heighten scrutiny on RCom's financial practices and further delay its restructuring efforts.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 5 Nov 2025, 07:06 IST.

Sourcesnews.google.com

The market after the news

RCOM closed −1.6% on the day of the news, from ₹1.26 to ₹1.24; Nifty −0.3% over the same session.

Bulletin at 07:06 IST on 5 Nov 2025. Every change is measured from ₹1.26, the last close before it, on 4 Nov. Nifty 50 is measured over the same sessions.

  • RCOM close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
RCOM closes around the bulletin against the close before the news, with Nifty 50 rebased to it0.981.261.54axis spans 57%before the news · 4 Nov1.26Nifty 50RCOMbulletinD0+1+3+529 Oct11 Nov20 NovReference close ₹1.26. 16 sessions from 29 Oct to 20 Nov; the price axis spans 57 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before4 Nov₹1.26basebase
On the day6 Nov₹1.24▼ −1.6%▼ −0.3%−1.3 pp difference
+1 session7 Nov₹1.21▼ −4.0%▼ −0.4%−3.6 pp difference
+3 sessions11 Nov₹1.24▼ −1.6%▲ +0.4%−2.0 pp difference
+5 sessions13 Nov₹1.34▲ +6.3%▲ +1.1%+5.3 pp difference
Gap at the open, % · ₹
0.0%0.00 on 6 Nov
Day's range, % · ₹
6.3%≈ 0.08 high to low
Volume on the day
1.66×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · RCOM on the desk →

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