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Overall Exposure To Adani Group At Rs 27,000 Crore: SBI ChairmanThe 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 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.
Lending to Adani Group projects is with regard to ones having tangible assets and adequate cash flows, Mr 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.
Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
SBI chairman Dinesh Khara said the bank does not envisage the 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.
Lending to Adani Group projects is with regard to ones having tangible assets and adequate cash flows, Mr 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.
Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)