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Top India Bank Drags Its Feet on Billionaire Adani Coal Loan

Top India Bank Drags Its Feet on Billionaire Adani Coal Loan
Bloomberg
4 hrs ago
Suvashree Ghosh, Alastair Marsh and P R Sanjai
(Bloomberg) India’s largest bank hasn’t decided whether to help finance an Australian coal mine following mounting pressure from climate activists and investors, including BlackRock Inc.
Two senior State Bank of India executives, who asked not to be identified, said the bank was dragging its feet on extending part of a funding line of as much as $1 billion to Adani Enterprises Ltd., which plans to use the money for the controversial Carmichael mine. The bank’s executive committee, which will make the final decision, hasn’t had discussions about the loan this year, the officials said. ....

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Top India Bank Drags Its Feet on Billionaire Adani Coal Loan

Top India Bank Drags Its Feet on Billionaire Adani Coal Loan
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