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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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SBI Drags Feet On Controversial Adani Coal Mine Loan

Apr 09 2021, 7:59 PM
April 09 2021, 2:30 AM
April 09 2021, 7:59 PM
(Bloomberg) Indiaâs largest bank hasnât decided whether to help finance an Australian coal mine following mounting pressure from climate activists and investors, including BlackRock Inc.
(Bloomberg) Indiaâs largest bank hasnât 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 bankâs executive committee, which will make the final decision, hasnât had discussions about the loan this year, the officials said. ....

South Australia , Dinesh Kumar Khara , Indian Bank Debt At Risk , Adani Enterprises , Adani Enterprises Ltd , Blackrock Inc , State Bank , Carmichael Mine , Extreme Weather Puts , Indian Bank Debt , Galilee Basin , கருப்பு பாறை , தெற்கு ஆஸ்திரேலியா , தினேஷ் குமார் கார , அதானி நிறுவனங்கள் , அதானி நிறுவனங்கள் லிமிடெட் , கருப்பு பாறை இன்க் , நிலை வங்கி , கார்மைக்கேல் என்னுடையது , இந்தியன் வங்கி கடன் , கலிலீ பேசின் ,

Top India Bank Drags Its Feet on Billionaire Adani Coal Loan

Top India Bank Drags Its Feet on Billionaire Adani Coal Loan
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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India's Biggest Bank Drags Feet on Controversial Coal Mine Loan

Top India Bank Drags Its Feet on Billionaire Adani Coal Loan
Bloomberg
2 days 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. ....

South Australia , Dinesh Kumar Khara , Indian Bank Debt At Risk , Adani Enterprises Ltd , Blackrock Inc , State Bank , Carmichael Mine , Extreme Weather Puts , Indian Bank Debt , Galilee Basin , கருப்பு பாறை , தெற்கு ஆஸ்திரேலியா , தினேஷ் குமார் கார , அதானி நிறுவனங்கள் லிமிடெட் , கருப்பு பாறை இன்க் , நிலை வங்கி , கார்மைக்கேல் என்னுடையது , இந்தியன் வங்கி கடன் , கலிலீ பேசின் ,

Extreme weather events put $84 billion of Indian bank debt at risk

An increase in extreme weather events such as floods, droughts and cyclones risk souring debt worth more than Rs 6.19 trillion ($84 billion) at India’s biggest financial institutions.
That’s according to leading nonprofit environmental disclosure platform CDP. State Bank of India, the country’s largest lender, HDFC Bank, IndusInd Bank Ltd. and Axis Bank Ltd. are among the institutions that reported climate risks to CDP in 2020, it said in its annual report released Wednesday.
The banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed the effects of cyclones and floods on loan repayments in farming and related sectors. Lenders accounted for 87% of the total risk, valued at about $97 billion, across 67 top Indian companies that responded to CDP. ....

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