SBI drafted in-principle agreement with Adani in 2014 for $1bn facility & brought in several banks for funding as part of consortium. The plan has had several iterations since then.
Justice Prateek Jalan passed the order on a plea by erstwhile directors of the 3 companies challenging a 2016 circular of RBI regarding declaration of accounts as fraud by banks.
BlackRock & Norway’s Storebrand have raised concerns about SBI's proposed Rs 5,000 cr-loan to Adani Enterprises for its Carmichael coal mine in Australia.
SBI, which posted a better than expected profit, estimates a further Rs 200 billion of loans to sour in the next 6 months as Covid continues to impact borrowers.
Net income jumped to Rs 45.7 billion for the 3 months to September, beating a Rs 36.9 billion average estimate. Bad loan ratio fell slightly to 5.28%, compared with 5.44% at June end.
Credit history only after debt recast would be taken into account for new loans. Banks will allow recast only if income impacted between February and August.
Dinesh Khara, who was one of the SBI MDs handling global banking and subsidiaries, is set to begin his three-year term Wednesday. He succeeds Rajnish Kumar.
Israeli Prime Minister Benjamin Netanyahu has no intention of being drawn into another attritional war with Hezbollah. His commanders they are unlikely to win.
Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.
The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.
How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?
Reasons could be:
1. DUE DELEGENCE and proper evaluation of the risks considering the local resistance from climate activists.
2. WAITING FOR THE RIGHT KICK BACK
3. NO CALL FROM PMO.
In-principle sanction has no significance. Such sanctions are issued regularly to many applicants. For Housing Loan applicants such in-principle sanction are issued online. But final sanction is made after verifying all the details. SBI is right being cautious while giving final sanction to the proposed loan of USD 1 billion. Considering all the adverse features mentioned in the article, SBI should have courage to reject the application outright.
Reasons could be:
1. DUE DELEGENCE and proper evaluation of the risks considering the local resistance from climate activists.
2. WAITING FOR THE RIGHT KICK BACK
3. NO CALL FROM PMO.
In-principle sanction has no significance. Such sanctions are issued regularly to many applicants. For Housing Loan applicants such in-principle sanction are issued online. But final sanction is made after verifying all the details. SBI is right being cautious while giving final sanction to the proposed loan of USD 1 billion. Considering all the adverse features mentioned in the article, SBI should have courage to reject the application outright.