SBI’s total exposure to Adani Group at Rs 27,000 cr; none against shares
Mumbai, Feb 3 (PTI) SBI’s total exposure to the embattled Adani Group is 0.88 per cent of the book or about Rs 27,000 crore, and the country’s largest lender does not envisage any setback on its bets, a top official said on Friday.
At a time when the share prices of the group are getting hammered, the government-owned lender said it has not extended any loans against shares to the ports-to-mining group.
Speaking to reporters after the announcement of results, SBI Chairman Dinesh Khara clarified that the non-fund exposure is limited to letters of credit and performance bank guarantees, and is not related to any equity raising or acquisition activities of the Gautam Adani-led group.
