SBI in Talks to Sell Part of Rs.1,800-Crore Loan to Adani Group Entity
India’s largest government-owned bank, State Bank of India (SBI), is reportedly in discussions with other banks to sell a portion of a ₹1,800-crore loan it extended to an Adani group company. This loan was provided to help the group acquire a thermal power company.
Sources familiar with the matter have confirmed that SBI is seeking to down-sell part of this loan to its peer banks. This move is part of the bank’s efforts to manage its risk exposure and maintain a balanced loan portfolio.
The loan was originally given to the Adani group as part of its acquisition of the thermal power company, which is a key part of the group’s energy sector expansion. The decision to sell part of the loan comes amid increasing scrutiny and pressure on companies involved with the Adani group.
Further details about the talks and which banks are involved in the discussions are not yet clear. However, the development highlights the growing trend of banks sharing large loans to reduce individual risk and maintain financial stability.
