"The appraisal process is on. We have not yet taken a final call on the disbursement," sources close to the development said.
In November last year, SBI had signed a pact with Adani Group on the sidelines of Prime Minister Narendra Modi's visit to Australia.
The final decision on the Adani issue would be taken by the executive committee after due deliberations.
Besides, Reserve Bank nominee director Urjit R Patel (RBI Deputy Governor) is a part of the executive committee.
Also Read
Adani Mining is building a 300-km rail line for its about USD 16 billion Carmichael coal mine project in Australia.
The development of the coal mine located at Queensland in Australia and required infrastructure including railways is estimated to cost USD 7.6 billion.
Opposition party Congress had raised concerns over SBI's USD 1 billion loan pact with Adani Group signed during Prime Minister Narendra Modi's visit to Australia.
SBI had already said that it had just signed a memorandum of understanding and not sanctioned loans for the Australian project as yet.
The infrastructure conglomerate has signed a memorandum of understanding for a loan of up to USD 1 billion from the SBI for the mine, rail and port project, which it aims to build by end-2017.