Global banks weigh halting fresh credit to Adani Group after US indictment

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The story "Global banks weigh halting fresh credit to Adani Group after US indictment" was covered 8 hours ago by Business Standard, a news publisher based in India.

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Global banks weigh halting fresh credit to Adani Group after US indictment - Business Standard

Quick Summary:

ome global banks are considering temporarily halting fresh credit to India's Adani Group.

A Japanese bank with credit exposure to Adani said in cases like the one involving the Indian conglomerate, lenders tend to pause fresh lending due to reputational risk.

Some global banks with ties to Adani are 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, said another banker.