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Search resuls for: "Nupur Anand Siddhi Nayak"


2 mentions found


☆ India's Adani tries to allay concerns as lenders step up scrutiny - sources
  + stars: | 2023-02-03 | by ( Nupur Anand Siddhi Nayak | Nupur Anand | Siddhi Nayak | ) www.reuters.com   time to read: +4 min
But the market turmoil led its flagship Adani Enterprises (ADEL.NS) to abandon a $2.5 billion secondary share offering on Wednesday, prompting concerns at lenders. 1 lender, SBI says the bank has about 270 billion rupees ($3.3 billion) in loans to Adani Group. Bank debt forms 38% of the total debt of 2.1 trillion rupees at the top five Adani companies, according to a Jefferies report. Senior executives at six other Indian lenders, with exposure to Adani companies, told Reuters they had also decided to tighten the credit approval process for Adani. India's central bank has asked local banks for details of their exposure to Adani companies, Reuters reported on Thursday, citing government and banking sources.
☆ India's top banks say Adani exposure within RBI limits but remain watchful
  + stars: | 2023-01-27 | by ( Nupur Anand Siddhi Nayak | Nupur Anand | Siddhi Nayak | ) www.reuters.com   time to read: +3 min
MUMBAI, Jan 27 (Reuters) - Some of India's leading public sector banks said on Friday their exposure to the Adani Group was within the limits prescribed by the central bank, assuaging fears of default risks from their exposure to the conglomerate. Public sector banks in India have in the past been hit by massive corporate defaults. The board will take any decision on the bank's exposure to the group only after that, the official said. The Adani Group comprises the flagship Adani Enterprises Ltd (ADEL.NS), as well as Adani Ports and Special Economic Zone Ltd (APSE.NS), Adani Power Ltd (ADAN.NS), Adani Green Energy Ltd (ADNA.NS) and Adani Transmission Ltd (ADAI.NS). For public sector banks, the debt is at 0.7% of total loans and for private banks, it is at 0.3%.
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