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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) 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.
(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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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. ....

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