SBI's overall exposure to Adani Group at Rs 27,000cr, says chairman

SBI's overall exposure to Adani Group at Rs 27,000 cr, says Chairman

The country's largest lender SBI on Friday said its overall exposure to the Adani Group is at 0.88 per cent of the book or around Rs 27,000 crore. SBI chairman Dinesh Khara said the bank does not envisage the embattled ports-to-mining group facing any challenge to service its debt obligations and stressed that SBI has not given any loans against shares to the group.

SBI chairman reposes faith in Adani Group, says exposure 0.9 per cent of the overall loan book

The SBI chairman Dinesh Khara said he doesn't envisage any challenge from Adani Group in meeting its debt obligations.

SBI's overall exposure to Adani Group at Rs 27,000cr, says chairman

SBI's total exposure to the embattled Adani Group is 0.88 per cent of the book or about Rs 27,000 crore, and the country's largest lender does not envisage any setback on its bets, a top official said on Friday. At a time when the share prices of the group are getting hammered, the government-owned lender said it has not extended any loans against shares to the ports-to-mining group.

Adani mess: SBI chairman allays fears, says exposure 0.9% of overall loan book

SBI Chairman Dinesh Kumar Khara on Friday said the public sector bank does not envisage any challenge due to the turmoil Adani Group stocks.

Fire-Fighting: SBI Chief Says Overall Exposure to Adani Group at Rs 27,000cr

Bank of Baroda says 30% of total exposure to Adani companies is towards entities in JV with state-run entities or backed by government-owned entities’s guarantee.

SBI's total exposure to Adani Group at Rs 27,000 crore; none against shares: Chairman Dinesh Khara

Speaking to reporters after the announcement of results, SBI Chairman Dinesh Khara clarified that the non-fund exposure is limited to letters of credit and performance bank guarantees, and is not related to any equity raising or acquisition activities of the Gautam Adani-led group Get more Companies News and Business News on Zee Business.