$1 billion Adani loan: Commercial decision or politics at play?7 min read . Updated: 02 Dec 2014, 12:22 AM IST
SBI finds itself in the eye of a political storm after signing an agreement with the Adani Group for a $1 billion loan
By signing an agreement with the Adani Group, Gujarat’s best known industrial conglomerate headed by 52-year-old Gautam Adani who is known for his proximity to Prime Minister Narendra Modi, for a $1 billion loan to build a $7.8 billion coal mine in Australia, the nation’s largest lender State Bank of India (SBI) finds itself in the eye of a political storm.
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