RBI looking at its bank exposure, Know in detail
<p>The owner of Adani Enterprises Mr Gautam Adani is in the Headlines since he was out of the list of richest people across Asia, and today again he is in the news. According to the latest updates The Reserve Bank of India (RBI) is looking into the details of banks’ exposure to Adani group companies and has sought the present status of these loans, people familiar with the matter.Must Read : After Tunisha, Avneet Kaur to play Shehzaadi Mariam in Ali baba-Daastan-E-Kabul?RBI has already reached to some of the lenders of the group and is engaging with lenders to verify the exposure details. Talking about the lenders, the banks which have given loans to the Adani Group include Punjab National Bank, which has around Rs 7000 crore exposure to the Adani group. Other than that IndusInd Bank, in a clarification to stock exchanges said the bank’s total loan outstanding towards the Group is at 0.49 percent of the bank’s loan book. Further, the totals non-fund outstanding is at 0.85 percent o</p>
01:49 PM Feb 02, 2023 IST
The owner of Adani Enterprises Mr Gautam Adani is in the Headlines since he was out of the list of richest people across Asia, and today again he is in the news.
According to the latest updates The Reserve Bank of India (RBI) is looking into the details of banks’ exposure to Adani group companies and has sought the present status of these loans, people familiar with the matter.
RBI has already reached to some of the lenders of the group and is engaging with lenders to verify the exposure details. Talking about the lenders, the banks which have given loans to the Adani Group include Punjab National Bank, which has around Rs 7000 crore exposure to the Adani group. Other than that IndusInd Bank, in a clarification to stock exchanges said the bank’s total loan outstanding towards the Group is at 0.49 percent of the bank’s loan book. Further, the totals non-fund outstanding is at 0.85 percent of the loan book, the bank said.
Adding to the group’s woes, at least two global lenders have stopped accepting bonds of Adani as collateral for margin loans, reports said. Citigroup Inc.’s wealth arm has stopped accepting securities of Gautam Adani’s group of firms as collateral for margin loans as banks ramp up scrutiny of the Indian tycoon’s finances following allegations of fraud by short-seller Hindenburg Research
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