SBI Loan To Adani | Adani’s debt increased by so much percent in a year, SBI Bank gave loan of about 270 billion rupees

File Photo Mumbai: In the last one year, there has been a huge increase in the debt of Adani Group. According to Bloomberg data, Adani’s debt has increased by about 21% in a year. At the same time, the proportion of world banks in these loans has increased by a third. At the end of March, 29% of Adani Group’s loans were from global banks. Meanwhile, the data also suggests that the loan servicing ability of the group has improved. 2.3 lakh crore debt The total debt of 7 listed companies of Adani Group increased by 20.7% to Rs 2.3 lakh crore ($ 28 billion) as on March 31, 2023. People familiar with the matter spoke to Bloomberg on condition of anonymity. Adani Group’s debt has been increasing continuously since 2019. So much debt from SBI Bonds account for 39% of Adani Group’s debt. In 2016 it was 14 per cent. At the same time, the country’s largest government bank SBI has given a loan of about 270 billion rupees ($ 3.3 billion) to the Adani group. The chairman of SBI had given this information in February. Also read Loss of $ 100 billion Gautam Adani’s group has expanded very fast. It is also expanding its reach globally with business interests in Australia and Israel. But when someone moves too fast, suspicion begins to creep in and scrutiny ensues. After the Hindenburg report came out, the Adani group had to bear the brunt of it. However, the Adani Group has denied these allegations outright. But where will the confidence of investors be? Adani’s companies suffered a loss of 100 billion dollars in a few days.

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