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India’s top banks say Adani exposure within RBI limits but remain watchful

FX Empire 27 Jan 2023

An official at state-run Bank of India added that the lender’s loans to the Adani group were within permissible limits, while executives at two other private lenders said that they were not yet in “panic mode” but being watchful. “Our exposure to the Adani Group is below the large ...

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India's top banks say Adani exposure within RBI limits but remain watchful

Reuters 27 Jan 2023

An official at state-run Bank of India (BOI.NS) added that the lender's loans to the Adani group were within permissible limits, while executives at two other private lenders said that they were not yet in "panic mode" but being watchful ... the details were private.

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No significant risk to Indian banking system from Adani Group: CLSA

The Times of India 27 Jan 2023

Within this, private banks’ exposure is below 10% of total group debt and most banks have indicated that they have largely financed assets with strong cash flows, such as airports/ports,” it said.

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India banks’ exposure to Adani Group is limited – CLSA, Jefferies

FX Empire 27 Jan 2023

For public sector banks (PSU), the debt is at 0.7% of total loans and for private banks, it is at 0.3% ... “Within this, private banks’ exposure is below 10% of total group debt and most banks have indicated that they have largely financed assets with strong cash flows, such as airports/ports,” CLSA said.

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India banks' exposure to Adani Group is limited - CLSA, Jefferies

Reuters 27 Jan 2023

For public sector banks (PSU), the debt is at 0.7% of total loans and for private banks, it is at 0.3% ... "Within this, private banks' exposure is below 10% of total group debt and most banks have indicated that they have largely financed assets with strong cash flows, such as airports/ports," CLSA said.

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What Jefferies says on Indian banks exposure to Adani Group

Live Mint 27 Jan 2023

For public sector banks (PSU), the debt is at 0.7% of total loans and for private banks, it is at 0.3%.'Adani group has a consolidated gross debt of ₹1.9 tn and net debt of ₹1.6 tn, which is spread across group companies ... foreign banks in total debt have risen to 37% and 18% now.

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Hidenburg report: Congress demands probe by SEBI

The Siasat Daily 27 Jan 2023

“These institutions have liberally financed the Adani Group even as their private sector counterparts have chosen to avoid investing because of concerns over corporate governance and indebtedness ... State-owned banks have lent twice as much to the Adani group as private banks, with 40 percent of their lending being done by SBI,” he said.

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Hidenburg report on Adani Group: "No small matter", Congress demands probe by SEBI

International Business Times 27 Jan 2023

"These institutions have liberally financed the Adani Group even as their private sector counterparts have chosen to avoid investing because of concerns over corporate governance and indebtedness ... State-owned banks have lent twice as much to the Adani group as private banks, with 40 per cent of their lending being done by SBI," he said.

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Hit by Hindenburg report, Adani group shares tumble

The Telegraph India 27 Jan 2023

Fears about the impact of the Adani Group meltdown also hit giant insurer LIC and bank stocks ... Private sector bank Kotak Mahindra fellow by 2.10 per cent. This was despite the fact that brokerage company CLSA said yesterday (Thursday) that Indian private sector banks have very low exposure to the Adani Group.

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PSBs have 30% exposure to Adani Group debt: CLSA

Financial Express 27 Jan 2023

Within this, the exposure of private banks is below 10% of total group debt and lenders like ICICI Bank and Axis Bank have indicated that they have largely financed assets with strong cash flows, such as airports or ports ... The share of bank debt in overall group debt has reduced ...

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Cong demands 'serious probe' by RBI, SEBI into charges against Adani Group

Indian Express 27 Jan 2023

\u201cThese institutions have liberally financed the Adani Group even as their private sector counterparts have chosen to avoid investing because of concerns over corporate governance and indebtedness ... State-owned banks have lent twice as much to the Adani Group as private banks, with 40% of their lending being done by SBI.

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Cong demands ‘serious probe’ by RBI, SEBI into charges against Adani Group

Financial Express 27 Jan 2023

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Hindenburg effect? Sensex down 800 points: Key factors behind the selloff

The Times of India 27 Jan 2023

Within this, private banks’ exposure is below 10% of total group debt and most banks (including ICICI/Axis) have indicated that they have largely financed assets with strong cashflows, such as airports/ports," it said. Ballpark calculations show that the exposure of private banks is 0.3% of FY24 loans and 1.5% of FY24 networth.

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Congress seeks SEBI, RBI probe into Hindenburg charges against Adani Group

The Telegraph India 27 Jan 2023

... in the Adani Group made by strategic state entities like LIC, SBI and other public sector banks, he alleged in the statement ... State-owned banks have lent twice as much to the Adani group as private banks, with 40 per cent of their lending being done by the SBI, he also alleged.

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