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India: What the Bankers Aren’t Telling You! - An investigative report by PSA

29 April 2014

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’Down the Rabbit Hole – What the Bankers Aren’t Telling You!’, is a report of The Research Collective (PSA) which studies trends in financing, project finance and performance of banks. This report exposes the consequences of unaccountable lending, due diligence oversights prior to sanctioning of loans to projects, social and environmental issues impacting loan quality and other weak links in the lending framework.

The study analyses socio-environmental violations by projects and their implication on the project loans through thorough investigation into social, environmental, legal and financial issues of six case study projects across India - GMR Kamalanga Energy, Athena Demwe Lower HEP, Sasan UMPP, Lavasa Hill City, Lafarge Surma and Krishnapatnam UMPP.

The risks involved in financing of mega projects by banks are enormous and necessitate an in-depth understanding into their implications and repercussions.


Down the Rabbit Hole - What the Bankers Arent Telling You!