SBI initiates downselling of Rs 110 billion loan in Adani’s Ganga Expressway Project

SBI is in advanced negotiations to downsell half of its approximately Rs 110 billion loan exposure to the Adani Group’s Ganga Expressway project. After 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, Punjab National Bank, and select power finance companies to offload 50 per cent of its exposure.