The condition of industrialist Anil Ambani-led Anil Dhirubhai Ambani Enterprises is worse than the credit rating agencies' estimates. More than 10 local banks have outstanding loan on Reliance Communications.

Many banks have registered Reliance Loan as a Special Mention Account (SMA) in their asset book. SMA loans are those in which the borrower has not paid interest. If these loans are not paid for 30 days from the due date, then it is put into SMA 1 and SMA 2 category after 60 days.

If the balance is not returned to the bank even after 90 days, then it is put in non-performing asset (NPA).

According to a bank official, Business News, Economic Times, said so far 10 banks of the country have put loans in SMA 1 and SMA 2. Another said that after one week some banks would have to put this loan in NPA.

After bad rating given by Care and ICRA, RCom's shares have fallen to 20 percent.

Although rating agencies are not aware of SMA loans because they share the bank with each other or with the Reserve Bank.

Care said in its report that Reliance Communication has fallen due to the influence of Mukesh Ambani-led Reliance Jio.

According to the report, the company's spokesperson of RCOM's loan default said, "After the agreement with Aircel and Brookfield, RCOM asked the banks to repay the debt of Rs 25,000 crore or before 30 September 2017. Only if all the scheduled payments will come in, the company will also make pre-payment of the loan.

RCom had suffered a loss of 966 crores in the January-March quarter, which was its second consecutive quarterly loss. Fiscal year 2017 also remained the first year of loss for RCom.

On March 31, RCom owed 42,000 crores which he wants to reduce after dealing with Aircel and Brookfield. RCom is selling 51% of its tower unit Reliance Infratel to these companies for 11 thousand crore rupees. Apart from the hard competition, the fourth quarter earning has also been affected due to cost escalation.

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