Backed by Nationalised Banks, How Ramdev’s Patanjali got Rich Through Ruchi Soya
The way Patanjali acquired Ruchi Soya is an instructive example of nationalised banks, regulatory institutions and tribunals enabling massive wealth accumulation.
Banking Controversy
Has State Bank of India approved a billion-dollar loan for Adani’s Carmichael mine?
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.