Indian Banks Reassess Adani Ties Amid US Bribery Claims

Indian banks are reassessing their exposure to the Adani Group following US bribery allegations against its founder, Gautam Adani. Despite the charges, Adani's stocks have partially recovered, supported by partners like Abu Dhabi's International Holding. While some banks remain cautious, others like the State Bank of India continue funding ongoing projects. The allegations have led to global repercussions, including halted investments by TotalEnergies and project cancellations in Kenya. However, Israel remains supportive of Adani's investments. The Indian government has not commented on the issue, despite opposition demands for a debate.