India's Axis Bank on Saturday said its exposure to Adani Group entities stood at 0.94% of its net advances on Dec. 31, adding that it remained comfortable with its exposure.
"Our exposure to Adani Group is primarily to the operating companies in the Ports, Transmission, Power, Gas Distribution, Roads, Airports etc," the bank said., led by billionaire Gautam Adani, is reeling from a U.S. short-seller's scathing report in January 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.
SBI's total exposure to the conglomerate was 0.9% of its total loan book, or around 270 billion rupees , the bank's Chairman Dinesh Kumar Khara said.
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