State Bank of India (SBI) is in advanced negotiations to downsell half of its approximately Rs 110 billion loan exposure to the Adani Group’s Ganga Expressway project. Following over a year of disbursing loans to this significant tolled road initiative, SBI is engaging with financial institutions, including the National Bank for Financing Infrastructure and Development (NaBFID), Punjab National Bank (PNB), and select power finance companies, to offload 50 per cent of its exposure.
This practice aligns with common norms in the infrastructure financing domain, with at least four lenders, including NaBFID, REC, PFC, and Union Bank of India, expressing interest in acquiring the debt.
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