Has State Bank of India approved a billion-dollar loan for Adani’s Carmichael mine?

/ Adani, Arundhati Bhattacharya, Australia, Banking Controversy, Carmichael mine, climate activism, coal finance, coal mining, Crony Capitalism, environmental concerns, fossil fuel finance, G20 summit, India, Market Forces, mining finance, public banking, Rajnish Kumar, SBI loan, State Bank of India

Recent media reports suggest that the State Bank of India (SBI) – India’s largest public bank – is ‘all set to offer’ a billion-dollar loan to Adani’s Carmichael coal mine in Australia. These reports come five years after a similar proposal was scuttled. In the absence of official confirmation from the SBI, the community has re-launched protests against the bank.

Published by: Adani Watch
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