SBI’s overall exposure to Adani Group at Rs 27,000 crore, says Chairman

Mumbai: The country’s largest lender SBI 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.

Also Read

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

1 day ago

Zomato increases platform fee by 19 pc to around Rs 15 per order

1 day ago

Lending to Adani Group projects is with regard to ones having tangible assets and adequate cash flows, Khara said, adding that the group has an excellent repayment record.

He also said there has not been any refinance request, which has come from the Adani group.

PTI