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

India only reserved right to impose retaliatory duty on US goods; may resolve issue via BTA talks

18 hours ago

India’s retaliatory tariff proposal may cast shadow on trade pact talks with US: GTRI

20 hours 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