Axis Bank’s exposure to Adani Group entities stands at 0.94% of its net advances; lender says it remains comfortable with its exposure to the group.
State Bank of India has exposure of Rs 27,000 crore to Adani Group, there are no concerns so far on this loan book and any further lending to conglomerate’s projects would be evaluated on its own merit, says chairman Dinesh Khara.
Bank of Baroda’s exposure to Adani group companies has reduced over last two years and there are no concerns on asset quality issues with the conglomerate, said chairman Sanjiv Chadha
SBI’s loan exposure of $2.6 billion to Adani group includes $200 million from its overseas units; chairman Dinesh Khara says he doesn’t see an “immediate challenge" to whatever the bank has lent so far.
The last full budget before the general election is laced with income tax reductions, heavy capital expenditure, measures for farmers and a new savings scheme for women.
Economic Survey 2023 banks on government spending, incipient signs of private capex, stronger corporate balance sheets, healthier banks and reining in inflation.
Punjab National Bank is closely monitoring developments following Hindenburg’s research report; CEO Atul Goel says currently no worry pertaining to those accounts amounting to Rs 7,000 crore.
No change in offering price or schedule of FPO of Adani Enterprises is being considered, group CFO Jugeshinder Singh said; shares of Adani group companies take a beating.
After discovering ‘material supervisory concerns’, RBI orders SBM Bank to stop all transactions under liberalised remittance scheme with immediate effect.
RBI extends deadline till 31 December 2023 for banks to enter into revised agreements with safe deposit locker holders.
Bombay HC order not to have any impact on Yes Bank’s core Tier-1 capital, says CEO Prashant Kumar; bank has strong grounds to appeal.
Bombay HC order not to have any impact on Yes Bank’s core Tier-1 capital, says CEO Prashant Kumar; bank has strong grounds to appeal.
Canara Bank enters into share sale agreement with SBI to sell its entire 40% stake in Commercial Indo Bank LLC (CIBL), Moscow, Russia.
Government proposes slew of changes to insolvency law, including fast-tracking process and expanding scope of pre-packaged framework.
India’s retail inflation eased to one-year low of 5.72 % and stayed below RBI’s upper tolerance limit for second consecutive month amid cooling food prices; industrial output rose at fastest pace since June.
