what have we got: First, we conducted a keyword discovery and received several news reports from 2022, where SBI and Adani Navi were in the news about the loan for the development of the Mumbai airport.
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A report by Ndtv benefits It was noted since 2022 that the Adani Group has concluded the financing of Navi Mumbai Airport as SBI underlined the entire loan requirement of ₹ 12,770 crore for the project. (SIC.)
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Similarly, Hindu Reported the deal and noted that the public bank was ‘unwritten’ for the airport project.
Difference between underwriting and waiver: Underwriting indicates that the bank will assure Adani a loan of ₹ 12,770 crore.
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A loan exemption means when the money borrowing person or group is unable to pay the loan amount. In such situations, the concerned officials can give loan waiver to those borrowers. However, this is also done after extensive research in the reasons for inability to repay the loan.
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Similarly, if SBI exempted it, it would be responsible if the Adani firm does not repay this loan for the project.
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No news report mentions that the loan was ‘forgiven’.
conclusion: A false claim was being shared that the loan of Adani Group for Navi Mumbai Airport has been ‘waived’ by SBI.
