Banks exposure to Adani group ‘insufficient’ to pose credit risk: Fitch Ratings1 min read . Updated: 07 Feb 2023, 06:15 PM IST
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 cent of total equity.
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.
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