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Adani Scandal Ups Risk to Global Banks, India’s Renewables Push

Asia Financial LogoAsia Financial19h ago

Adani Scandal Ups Risk to Global Banks, India’s Renewables Push - Asia Financial

Quick Summary:

Experts say Adani's indictment in the US for bribery and fraud is bound to make risk managers at big banks 'nervous' while increasing scrutiny on Indian renewable energy projects

The post Adani Scandal Ups Risk to Global Banks, India’s Renewables Push appeared first on Asia Financial.

Some global banks with ties to Adani are also parsing through bond and loan documentations to see if it exposed them to a risk of default or created a liability if investors decided to demand their money back, another banker said.

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Article Details

Author / Journalist: Vishakha Saxena

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 13:44:48 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 1656 words

Reading Time: 10 minutes read

Sentences: 65 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 23766450

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About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

Update Frequency: 4 posts per day

Year Established: 1990

Headquarters: Hong Kong

News Last Updated: 19 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #86

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