Global banks consider halting fresh credit to Adani group: report

Global banks consider halting fresh credit to Adani group: report

FILE PHOTO: The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave/File Photo

Some global banks are considering temporarily halting fresh credit to India’s Adani Group but staying put with existing loans following US prosecutors’ indictment of its billionaire founder Gautam Adani for fraud, sources said.