‘Banks stable’: RBI amid concerns of exposure to Adani rout
2 years, 1 month ago

‘Banks stable’: RBI amid concerns of exposure to Adani rout

Hindustan Times  

Amid heightened uncertainties regarding Adani Group in the aftermath of a jarring Hindenburg report, the Reserve Bank of India on Thursday dismissed concerns about the “exposure” of Indian banks to the Gautam Adani-led conglomerate and said that the banking sector was “resilient and stable”. Several media reports claimed concerns about India's largest lender, the State Bank of India, along with the Life Insurance Corporation of India, being at the risk of overexposure amid the ongoing stock rout of Gautam Adani's companies. Earlier today, the SBI dismissed concerns of its exposure to the embattled conglomerate and said that any future financing to Adani's projects would be evaluated “on its own merit”. Adani Group – led by billionaire Gautam Adani, who became Asia's richest man, and briefly, the third-richest in the world – is now reeling from a US short-seller's scathing report that has cratered its shares, prompted calls from opposition lawmakers for a wider probe and the central bank to check on banks' exposure to the conglomerate.

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CRISIL says no negative actions so far by lenders, investors on Adani following US indictment
3 months, 2 weeks ago

CRISIL says no negative actions so far by lenders, investors on Adani following US indictment

New Indian Express  

NEW DELHI: Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce …

Adani group loans: Indian lenders kick off a review
3 months, 2 weeks ago

Adani group loans: Indian lenders kick off a review

The Hindu  

Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme. Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered …

Enough cash, no concerns on debt servicing, says Adani Group
3 months, 2 weeks ago

Enough cash, no concerns on debt servicing, says Adani Group

Live Mint  

The Adani Group on Monday said that it has enough cash to service debt at all group firms in the next 12 months, in one of its first statements since the indictment of founder Gautam Adani by US federal prosecutors last week. Combined cash flows in the past 12 months were more than the annual debt repayments projected for each …

Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations
Trending News
3 months, 2 weeks ago

Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations

Live Mint  

New Delhi, Nov 25 Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a US bribery indictment against the founder. The ports-to-energy conglomerate, whose chairman Adani and two other executives have been indicted in a …

Adani bonds slide to year low as investors and lenders weigh bribery allegations
3 months, 2 weeks ago

Adani bonds slide to year low as investors and lenders weigh bribery allegations

Live Mint  

Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in …

Adani touts financial muscle, says can grow without external debt
3 months, 2 weeks ago

Adani touts financial muscle, says can grow without external debt

The Hindu  

Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a U.S. bribery indictment against the founder. Gautam Adani indictment: In-depth coverage The ports-to-energy conglomerate, whose chairman Mr. Adani and two other executives have been indicted …

Amid row, Adani touts financial muscle, shows can grow without external debt
3 months, 2 weeks ago

Amid row, Adani touts financial muscle, shows can grow without external debt

Deccan Chronicle  

Billionaire Gautam Adani's conglomerate on Monday touted the financial and credit details of its portfolio companies to investors, showcasing its robust profits and cash flows that can sustain growth without reliance on external debt. In the past six months, the group invested close to Rs 75,227 crore against a total debt increase of only Rs 16,882 crore.A note was also …

Gautam Adani indicted: JP Morgan says Indian banks not at much credit risk
3 months, 3 weeks ago

Gautam Adani indicted: JP Morgan says Indian banks not at much credit risk

Hindustan Times  

Indian banks' loan exposure to the embattled Adani Group seems "manageable" and any credit risk in the aftermath of its billionaire founder-chairman's indictment in the United States looks "contained," JPMorgan said on Friday. However, JPMorgan analysts said Indian banks' exposure to the group was around 0.3% of outstanding loans as of March and that the loans were backed by asset …

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more
3 months, 3 weeks ago

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Adani Stocks: Gautam Adani, his nephew Sagar Adani, and associates have been charged by U.S. authorities with defrauding investors and paying $265 million in bribes to Indian officials for solar energy contracts. Amid these allegations, Kenyan President William Ruto canceled deals with the Adani Group, including …

Fact Check: Adani Group DIDN'T get Rs 120 lakh crore loan from Indian banks. Data goof-up creates confusion
3 months, 3 weeks ago

Fact Check: Adani Group DIDN'T get Rs 120 lakh crore loan from Indian banks. Data goof-up creates confusion

India Today  

Arrest warrants were issued in the United States on November 20 for industrialist Gautam Adani, his nephew, and six others for allegedly bribing Indian officials with $265 million in exchange for solar power contracts. On MoneyControl’s website, we found an article titled, “Banks’ exposure to Adani Group: How big a worry is it really?” This article features an infographic that …

US indictment of Adani Group honchos: What are the implications?
3 months, 3 weeks ago

US indictment of Adani Group honchos: What are the implications?

New Indian Express  

The indictment of top executives from one of India’s large multinational conglomerates by a US Federal Court on Wednesday, November 19, 2024, has raised several pressing questions for both global and domestic investors. The charges—linked to a Rs 2,300 crore bribery scheme involving Adani Group executives, including Chairman Gautam Adani and directors Sagar Adani and Vinit Jain—have far-reaching implications not …

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud
3 months, 3 weeks ago

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud

New Indian Express  

The allegations also include bids to obstruct justice by deleting electronic evidence and misleading the Justice Department, the Securities and Exchange Commission, and the FBI. Its key lenders include State Bank of India, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, IDFC First Bank, Bank of India, RBL Bank, Central Bank of India, Union Bank of India, IDBI Bank and …

Adani, Others Invest ₹366 Crore in Sagility India Ahead of ₹2,107 Crore IPO
Trending News
4 months, 1 week ago

Adani, Others Invest ₹366 Crore in Sagility India Ahead of ₹2,107 Crore IPO

Hindustan Times  

Adani Group and other institutional investors have invested ₹366 crore in Sagility India ahead of its IPO. The company will issue 70.2 crore shares at a price band of ₹28-30 per share, with 75 per cent for qualified institutional buyers, 15 per cent for non-institutional investors, and 10 per cent for retail investors. The IPO will open on November 5 …

India's Adani Group unit raises 19.5 billion rupees via bond issue, say bankers
5 months, 2 weeks ago

India's Adani Group unit raises 19.5 billion rupees via bond issue, say bankers

The Hindu  

India’s Adani Airport Holdings has raised ₹19.5 billion via the biggest domestic bond issue since U.S. short-seller Hindenburg Research accused its parent group of improper use of offshore tax havens and stock manipulation. The Adani Group company, which manages and develops airport infrastructure assets in the country, had invited bids from investors earlier in the day and will pay a …

Stocks To Watch: SpiceJet, SBI, HDFC Bank, Vedanta, Titan, Airtel, Infosys, And Others
5 months, 2 weeks ago

Stocks To Watch: SpiceJet, SBI, HDFC Bank, Vedanta, Titan, Airtel, Infosys, And Others

News 18  

Stocks To Watch On September 26: Markets experienced a volatile session on Wednesday but managed to extend their upward trend, with a sharp rally in the fag-end. State Bank of India: SBI aims to be the first Indian financial firm to reach a net profit of Rs 1 trillion within the next 3-5 years, said the bank’s chairman, C S …

India's Adani Energy Solutions to raise up to $1.5 billion
9 months, 2 weeks ago

India's Adani Energy Solutions to raise up to $1.5 billion

The Hindu  

India's Adani Energy Solutions said on Monday that its board has approved a fundraise of up to ₹125 billion. Business news website Moneycontrol had earlier reported that the two Adani companies — Adani Energy and Adani Enterprises — will collectively approve a fundraising plan in a range of $3.5-4 billion. Last year, U.S. shortseller Hindenburg in a report accused the …

Adani, a Year Later: Investors Are Embracing India’s Humbled Champion
1 year, 1 month ago

Adani, a Year Later: Investors Are Embracing India’s Humbled Champion

Live Mint  

A year ago Adani Group, India’s infrastructure poster child, lost over $100 billion in market value in a matter of days following the publication of a short-seller report. Adani Enterprises, the group’s flagship, has clawed back 90% of the market value it had lost since Hindenburg’s report, alleging stock manipulation and accounting fraud, was published on Jan. 24, 2023. Gross …

Adani Ports board approves raising up to ₹5,000 crore
1 year, 2 months ago

Adani Ports board approves raising up to ₹5,000 crore

Live Mint  

Adani Ports and Special Economic Zone Limited, on January 3, announced that its board of directors had granted approval for the mobilization of funds, with a cap of ₹5,000 crore, through a public issuance of non-convertible debentures. “We wish to inform you that the board of directors of Adani Ports and Special Economic Zone Limited has at its meeting held …

Adani Group to invest Rs 8700 crores in JDU-RJD-ruled Bihar across sectors
1 year, 3 months ago

Adani Group to invest Rs 8700 crores in JDU-RJD-ruled Bihar across sectors

Op India  

On Thursday, the Adani Group announced a significant commitment to amplify its investments in Bihar, aiming to increase the conglomerate’s financial commitment to the state tenfold. Pranav Adani, Managing Director of Adani Enterprises, shared during the Bihar Business Connect 2023 event that the group plans to boost its current investment in the state from Rs 850 crore to a substantial …

LIC loses more than ₹1,400 crore in six Adani stocks in a day; details here
1 year, 6 months ago

LIC loses more than ₹1,400 crore in six Adani stocks in a day; details here

Live Mint  

Adani News today: Nine out of ten Adani stocks on Thursday closed in the red following fresh allegations made by the Organised Crime and Corruption Reporting Project that the Adani Group's family associates invested millions of dollars through "opaque" Mauritius funds in its own firms. Table: Losses borne by LIC on Thursday due to fall in Adani stocks Company name …

SBI-led consortium to fund Adani’s ₹34,000 crore PVC project in Mundra
1 year, 7 months ago

SBI-led consortium to fund Adani’s ₹34,000 crore PVC project in Mundra

Live Mint  

A consortium of banks led by the State Bank of India has agreed to finance a substantial part of the Adani Group's ₹34,000-crore polyvinyl chloride project in Mundra, according to a report by The Hindu Businessline. The funding for the first phase of the project will be taken by the public sector banks which will pick up the bulk of …

Stocks to Watch: HDFC, HDFC Bank, Adani Group, LTIMindtree, SBI
1 year, 8 months ago

Stocks to Watch: HDFC, HDFC Bank, Adani Group, LTIMindtree, SBI

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: HDFC/HDFC Bank: Housing Development Finance Corp. Ltd has tentatively scheduled its $40 billion mega-merger with HDFC Bank Ltd for 1 July, combining the country’s largest private sector lender with the nation’s top mortgage lender. LTIMindtree: The delisting of the country's largest mortgage lender Housing Development Finance …

Adani group eyes robust growth, shares ₹90,000 crore EBITDA target for 2-3 years
1 year, 8 months ago

Adani group eyes robust growth, shares ₹90,000 crore EBITDA target for 2-3 years

Hindustan Times  

Embattled Adani group is eyeing a 20 per cent year-on-year growth in pre-tax profits to reach ₹90,000 crore EBITDA in 2-3 years on the back of robust growth in businesses ranging from airports to energy, according to notes in an investor presentation. Adani is expected to see an increase of more than 20 per cent in EBITDA on a consolidated …

Adani Group says it registered record-breaking performance in 2022-23
1 year, 9 months ago

Adani Group says it registered record-breaking performance in 2022-23

The Hindu  

Adani Group on June 6 said it has delivered a record-breaking performance across its portfolio of companies in fiscal year 2023. Business-wise summary for FY23: Adani Enterprises Ltd. Incubation businesses registered exponential growth and now account for little over 50% of AEL's EBITDA Aiport passenger movements more than doubled to 74.8 million Solar modules volumes up 13% to 1.3 GW …

Months after cancelled FPO, crisis-hit Adani to consider fundraising on May 13
1 year, 10 months ago

Months after cancelled FPO, crisis-hit Adani to consider fundraising on May 13

Live Mint  

Adani Enterprises announced that the company's board will hold a meeting on May 13 to approve the proposal of raising of funds. The group's renewable-energy arm Adani Green Energy also announced that it will look to raise funds after approval of the proposal in its board meeting to be held on May 13, Saturday. Meanwhile, the Supreme Court will hear …

Fitch Ratings raises concerns over governance weaknesses at Adani Group entities
1 year, 11 months ago

Fitch Ratings raises concerns over governance weaknesses at Adani Group entities

Live Mint  

Mumbai: Fitch Ratings has said that Adani Transmission and Adani Ports and Special Economic Zone are vulnerable to “higher contagion risks” due to governance weakness at sponsor level and other Adani group entities. As of the end of December 2022, most of the senior debt at the Adani group's rated Indian entities was offshore and largely secured, with US dollar …

SEBI probing ‘market allegations’ on Adani Group, says Finance Ministry
2 years ago

SEBI probing ‘market allegations’ on Adani Group, says Finance Ministry

The Hindu  

Stock market regulator Securities Exchange Board of India is probing “market allegations” against the Adani Group of companies, while the Department of Revenue Intelligence has completed investigations in a power equipment imports case involving the group even as another case involving imports of Indonesian coal is held up due to litigation. “The nine listed companies forming part of Adani Group …

Adani prepays ₹7,374 cr. of share-backed loans
2 years ago

Adani prepays ₹7,374 cr. of share-backed loans

The Hindu  

The Adani Group on Tuesday said it had prepaid share-backed financing of ₹7,374 crore as the conglomerate tries to recover from U.S. based short seller Hindenburg Research’s scathing report on its businesses. Earlier last month, amidst a rout in its stocks, the group had repaid ₹9,200 crore worth loans before maturity to release shares pledged by the promoters. “In continuation …

Adani Group Prepays Rs 7,374 Crore Of Share Backed Financing
2 years ago

Adani Group Prepays Rs 7,374 Crore Of Share Backed Financing

ABP News  

Adani Group on Tuesday said that it has prepaid share-backed financing of Rs 7,374 crore ahead of its latest maturity in April 2025. Promoters of the group's flagship firm, Adani Enterprises will release 31 million shares, or a 4 per cent stake, while Adani Ports' promoters will release 155 million shares, or an 11.8 per cent stake, the group said …

Adani Group repays share-backed financing worth ₹7,374 crore
2 years ago

Adani Group repays share-backed financing worth ₹7,374 crore

The Hindu  

Embattled Adani Group on March 7 said it has repaid share-based financing of ₹7,374 crores and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over investors. The repayment will release pledge on shares of promoters in four group companies, it said in a statement, …

Adani has $2 bn bonds due for repayment in 2024
2 years ago

Adani has $2 bn bonds due for repayment in 2024

Deccan Chronicle  

New Delhi: The Adani group, whose mostly debt-fueled breakneck expansion saw gross debt doubling in four years, has almost USD 2 billion worth of foreign-currency bonds coming up for repayment in 2024, according to a presentation the conglomerate made to investors. The apples-to-airport conglomerate borrowed over USD 10 billion in foreign currency bonds between July 2015 and 2022 across group …

One month to Hindenburg report: Adani Group loses over 12 lakh crore market cap
2 years ago

One month to Hindenburg report: Adani Group loses over 12 lakh crore market cap

Hindustan Times  

Adani Group, whose stock exchange valuation outperformed Mukesh Ambani's Reliance and Ratan Tata's TCS, has lost over 12 lakh crore in a month since the Hindenburg report alleging "brazen stock manipulation and accounting fraud" was published. This represents a loss of more than ₹12 lakh crore from a market value of approximately ₹19.2 lakh crore on January 24, when Hindenburg …

' ₹3,200 cr loss for LIC so far…': Mahua Moitra's jab on Adani stocks' report
2 years ago

' ₹3,200 cr loss for LIC so far…': Mahua Moitra's jab on Adani stocks' report

Hindustan Times  

Trinamool MP Mahua Moitra has pressed finance minister Nirmala Sitharaman for answers over state-run Life Insurance Corporation's exposure to the embattled Adani Group, flagging a news report that said the value of its holding in Adani companies had - for the first time - dropped below the purchase price by nearly 11 per cent to settle at less than ₹27,000 …

Adani isn’t India, but its troubles mirror the nation’s woes
2 years ago

Adani isn’t India, but its troubles mirror the nation’s woes

Live Mint  

A New York short seller has forced India to stare at a reflection of its long-simmering frustration with shabby, inadequate infrastructure and its impatient urge to fill the gaps overnight. The target of Hindenburg Research’s attack is the Adani Group, which aggressively marshaled capital from around the world into India’s unmet aspirations. But even those who refuse to equate Adani …

Adani Ports repays ₹1,000 cr to SBI MF in comeback strategy
2 years ago

Adani Ports repays ₹1,000 cr to SBI MF in comeback strategy

Live Mint  

Billionaire Gautam Adani-led Adani Ports & Special Economic Zone Ltd has paid ₹1,000 crore loan on Monday and promised to repay more as the embattled empire mapped a comeback strategy amid a rout in the group stocks triggered by a bombshell US short seller Hindenburg Research's report released on 24 January. Adani Ports and SEZ has paid SBI Mutual Funds' …

Jairam Ramesh asks RBI, Sebi to probe allegations against Adani Group
2 years, 1 month ago

Jairam Ramesh asks RBI, Sebi to probe allegations against Adani Group

Hindustan Times  

NEW DELHI: Senior Congress leader Jairam Ramesh has asked Reserve Bank of India governor Shaktikanta Das and Securities and Exchange Board of India chairperson Madhabi Puri Buch to probe allegations of stock manipulation against the Adani Group and ensure that “excessive debt exposure” by the group does not destabilise India’s banking system. Jairam Ramesh’s letter to Sebi also underscored the …

Congress urges RBI, SEBI for independent probe into ‘PM-blessed’ Adani case
2 years, 1 month ago

Congress urges RBI, SEBI for independent probe into ‘PM-blessed’ Adani case

Hindustan Times  

The Congress on Tuesday asked the Reserve Bank of India and the Securities Exchange Board of India to probe allegations public sector financial bodies like the Life Insurance Corporation and the State Bank of India are 'unusually generous' in investing in the Adani Group, and that this could destabilise the country's banking sector. Congress MP Jairam Ramesh shared copies of …

Adani Group says faces no refinancing risk or liquidity issues; Adani Enterprises turns Q3 profit of ₹820 crore
2 years, 1 month ago

Adani Group says faces no refinancing risk or liquidity issues; Adani Enterprises turns Q3 profit of ₹820 crore

The Hindu  

Adani Group flagship Adani Enterprises Ltd. on Tuesday said group companies faced no material refinancing risk, or near-term liquidity issues in the wake of “allegations made by a short seller on the parent and some other entities of the Adani Group” and termed the recent rout in its stock prices as “temporary market volatility”. AEL also reported a third-quarter net …

Adani group says no refinancing issues in bid to calm jittery investors
2 years, 1 month ago

Adani group says no refinancing issues in bid to calm jittery investors

Hindustan Times  

Adani group said on Tuesday that its companies face no material refinancing risk, or near-term liquidity issues, in its latest attempt to calm investors spooked by a U.S. short-seller's critical report on its business practices. In a long-awaited credit report issued by Adani to Indian exchanges on Tuesday, the apples-to-airports group said there was "no material refinancing risk and near-term …

Adani Group likely to repay short-term commercial paper borrowings: Bankers
2 years, 1 month ago

Adani Group likely to repay short-term commercial paper borrowings: Bankers

The Hindu  

Two large companies within the embattled Adani Group are likely to repay their short-term commercial paper debt as they come due over the next few months, instead of rolling them over as is normal, two merchant bankers and a company official directly familiar with the matter said. The two group companies have about ₹50 billion worth of CP due to …

Total exposure of five State-run general insurers in Adani group at ₹347 crore: MoS Finance Bhagwat Karad
2 years, 1 month ago

Total exposure of five State-run general insurers in Adani group at ₹347 crore: MoS Finance Bhagwat Karad

The Hindu  

Five State-run general insurance companies have a total exposure of ₹347.64 crore, or 0.14% of their total assets under management, in Adani group of companies, Finance Ministry said on February 13. In reply to a question on details of money lent by banks and financial institutions to the Adani group, the Minister of State for Finance Bhagwat Karad said in …

SEBI to update FM Sitharaman on Adani probe this week
2 years, 1 month ago

SEBI to update FM Sitharaman on Adani probe this week

The Hindu  

India's market regulator will provide an update on its investigations into the Adani Group's withdrawn follow-on public issue this week, two sources familiar with the matter said on February 13. The board of the Securities and Exchange Board of India is scheduled to meet Finance Minister Nirmala Sitharaman on February 15, the sources said, speaking on condition of anonymity as …

India’s Adani tries to pacify investors as watchdog probes report
2 years, 1 month ago

India’s Adani tries to pacify investors as watchdog probes report

Al Jazeera  

Adani group’s seven listed stocks have together lost about $120bn in market value since a US short-seller has raised concerns. Led by billionaire businessman Gautam Adani, the group’s seven listed stocks have together lost about $120bn in market value since a January 24 report by United States-based short-seller Hindenburg Research accused it of improper use of offshore tax havens and …

The Adani cloud over India
2 years, 1 month ago

The Adani cloud over India

Al Jazeera  

The recent set of allegations have raised questions about the tycoon’s meteoric rise and the role of regulators. The report, titled Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History, said the group was involved in “brazen stock manipulation and accounting fraud”. Hindenburg’s report came just as the 200 billion rupees follow-on public …

RBI says domestic banks' exposure to Adani group not very significant, single case can't impact system
2 years, 1 month ago

RBI says domestic banks' exposure to Adani group not very significant, single case can't impact system

The Hindu  

Domestic banks' exposure to the Adani Group is "not very significant", and the system is strong and large enough to not get impacted by a single case, the Reserve Bank said on Wednesday. Replying to a specific question on whether the RBI will give any guidance to lenders on their exposures to the Adani group, given certain flags raised by …

Indian banking system won\'t be impacted by case like this: RBI governor on Adani row
2 years, 1 month ago

Indian banking system won\'t be impacted by case like this: RBI governor on Adani row

Deccan Chronicle  

Mumbai: Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this" in reference to the developments at Adani Group. Concerns have been raised in various quarters about Adani Group companies, including about the exposure of lenders to the …

Moody's says bank exposure to Adani limited, to not affect credit quality
2 years, 1 month ago

Moody's says bank exposure to Adani limited, to not affect credit quality

Hindustan Times  

Moody's Investor Service on Tuesday said banks' exposures to Adani are not large enough to affect their credit quality materially. "While we estimate that the exposures are larger for public sector banks than for private sector banks, they are smaller than 1 per cent of total loans for most banks," it said. "Risks for banks can increase if Adani becomes …

Moody’s says banks’ exposures to Adani not large enough to affect credit quality
2 years, 1 month ago

Moody’s says banks’ exposures to Adani not large enough to affect credit quality

Live Mint  

Indian banks' exposures to the Adani Group are not large enough to affect their credit quality materially and the overall quality of the local lenders’ corporate loans will be stable, ratings agency Moody's Investors Service said on Tuesday. "While we estimate that the exposures are larger for public sector banks than for private sector banks, they are smaller than 1 …

Banks exposure to Adani group ‘insufficient’ to pose credit risk: Fitch Ratings
2 years, 1 month ago

Banks exposure to Adani group ‘insufficient’ to pose credit risk: Fitch Ratings

Live Mint  

The exposure of banks to the Adani Group is ‘insufficient in itself’ to present a substantial risk to the credit profiles of the lenders, said Fitch Ratings in a note on Tuesday. Fitch estimated that loans to all Adani group entities generally account for 0.8-1.2 per cent of total lending for banks rated by the agency, equivalent to 7-13 per …

Indian banks’ exposure to Adani group ‘insufficient’ to pose credit risk: Fitch
2 years, 1 month ago

Indian banks’ exposure to Adani group ‘insufficient’ to pose credit risk: Fitch

Live Mint  

New Delhi: Exposure of Indian banks to the embattled Adani Group is insufficient in itself to present a substantial risk to credit profiles of these lenders, Fitch Ratings said on Tuesday. “Fitch Ratings believes that Indian banks‘ exposure to the Adani group is insufficient in itself to present substantial risk to the banks’ standalone credit profiles. “Even under a hypothetical …

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