Reported about 5 hours ago
Major Japanese banks like Mizuho and Sumitomo Mitsui are choosing to maintain their ties with billionaire Gautam Adani despite recent US bribery allegations against him and his conglomerate. While global firms like Barclays and Jefferies are reassessing their associations with Adani, Japanese lenders are confident in the group's ability to repay loans due to its cash-generating assets and long-standing government ties. Meanwhile, several international banks have paused their financial engagements with Adani as concerns rise over reputational risk and financing access.
Source: YAHOO