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.
Adani will lose around $220 million a year if the Carmichael coal project goes through. Which raises the question, why is everyone adamant that it goes ahead?
The US House has effectively drawn a line in the sand and approved the release of the Epstein files despite President Trump's efforts to stop it from happening.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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.