PNB is exposed to the Adani Group to the tune of ₹7000 Cr
Mon, Jan 30, 2023 6:52 PM

PNB is exposed to the Adani Group to the tune of ₹7000 Cr

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Punjab National Bank has a total exposure to Adani Group of ₹7000 Cr, but there is currently no cause for concern, the state-run lender's MD and chief executive said. Hindenburg Research raised worries about Adani Group's debt levels and use of tax havens last week. Adani Group has said that it is in compliance with all local laws and has made all required regulatory disclosures.

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