Vodafone Idea loan from SBI hinges on private bank funding and guarantees
SBI is unlikely to disburse a Vodafone Idea loan until the company secures the rest of the borrowing from private-sector banks. The guarantees are expected to come from promoter companies, not the larger listed group, while all lenders must sanction their portions and obtain board approval. Vodafone Idea must negotiate separately with each lender to tie up the full funding package.