 "Adani's controversial foray down under")
State Bank of India (SBI)'s $1-billion loan facility to Adani's Australian project has courted controversy, with the Opposition Congress saying the loan has been given mainly due to Adani Group founder Gautam Adani's proximity to Prime Minister Narendra Modi.
SBI, however, says the loan will be disbursed only after proper due diligence. SBI's loan announcement came after most of the global marquee banks rejected proposals for lending to the project. We take a look at what the $15-billion project is all about:
SBI, however, says the loan will be disbursed only after proper due diligence. SBI's loan announcement came after most of the global marquee banks rejected proposals for lending to the project. We take a look at what the $15-billion project is all about: