• About Us
  • Contact Us
Current Date

  • Login
  • Register
B2B Infomedia
No Result
View All Result
  • Home
  • Fintech
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Balancehero India appoints Jayesh Jain as Group CFO

    Balancehero India appoints Jayesh Jain as Group CFO

    Driving digital lending: UPI’s key role

    Driving digital lending: UPI’s key role

    CredAble expands its wings to eight new regions

    CredAble expands its wings to eight new regions

    MobiKwik’s ‘Lens’  feature to improve financial wellness

    MobiKwik’s ‘Lens’  feature to improve financial wellness

  • BFSI
    RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

    RBI reviews credit flow for MSMEs

    Bajaj Allianz General Insurance inaugurates new office in Tezpur

    Bajaj Allianz General Insurance inaugurates new office in Tezpur

    Government amends interest rates for small saving schemes for Q3

    Government amends interest rates for small saving schemes for Q3

    Aviva India gets Gyanendra Singh as new CTO

    Aviva India gets Gyanendra Singh as new CTO

    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

    Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

  • Education
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Aditya Birla Sun Life Insurance and Artivatic.ai launch AI-based smart underwriting platform

    IBM to train two million learners in AI by 2026

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

  • Enterprise
    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    SBI sees 14%-15% corporate credit growth in FY23

    SBI seeks buyers for its Rs 96,000 crore distressed loans

    Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital

    Reliance General Insurance gets Rs 200 cr capital infusion from parent

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank

    RBI response sought on PIL seeking uniform banking code for forex transactions

    RBI permits banks to open vostro accounts from 22 countries for trade in rupee

  • Health
    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

  • Pharma
    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

    India aims for greater market access for pharma in UK: Official

    Aurobindo Pharma aims to complete Rs 2000 Cr Pen-G plant in Andhra Pradesh by March’24

  • Technology
    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    Citi invests in Peru’s fintech firm Rextie

    WestBridge Capital makes investment into TSS Trackwizz

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

  • Interviews
    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “Fintechs are disrupting banking worldwide”

    “Fintechs are disrupting banking worldwide”

  • Events
    • Upcoming Events
    • Past Events
  • Home
  • Fintech
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Balancehero India appoints Jayesh Jain as Group CFO

    Balancehero India appoints Jayesh Jain as Group CFO

    Driving digital lending: UPI’s key role

    Driving digital lending: UPI’s key role

    CredAble expands its wings to eight new regions

    CredAble expands its wings to eight new regions

    MobiKwik’s ‘Lens’  feature to improve financial wellness

    MobiKwik’s ‘Lens’  feature to improve financial wellness

  • BFSI
    RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

    RBI reviews credit flow for MSMEs

    Bajaj Allianz General Insurance inaugurates new office in Tezpur

    Bajaj Allianz General Insurance inaugurates new office in Tezpur

    Government amends interest rates for small saving schemes for Q3

    Government amends interest rates for small saving schemes for Q3

    Aviva India gets Gyanendra Singh as new CTO

    Aviva India gets Gyanendra Singh as new CTO

    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

    Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

  • Education
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Aditya Birla Sun Life Insurance and Artivatic.ai launch AI-based smart underwriting platform

    IBM to train two million learners in AI by 2026

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

  • Enterprise
    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    SBI sees 14%-15% corporate credit growth in FY23

    SBI seeks buyers for its Rs 96,000 crore distressed loans

    Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital

    Reliance General Insurance gets Rs 200 cr capital infusion from parent

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank

    RBI response sought on PIL seeking uniform banking code for forex transactions

    RBI permits banks to open vostro accounts from 22 countries for trade in rupee

  • Health
    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

  • Pharma
    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

    India aims for greater market access for pharma in UK: Official

    Aurobindo Pharma aims to complete Rs 2000 Cr Pen-G plant in Andhra Pradesh by March’24

  • Technology
    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    Citi invests in Peru’s fintech firm Rextie

    WestBridge Capital makes investment into TSS Trackwizz

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

  • Interviews
    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “Fintechs are disrupting banking worldwide”

    “Fintechs are disrupting banking worldwide”

  • Events
    • Upcoming Events
    • Past Events
No Result
View All Result
B2B Infomedia
No Result
View All Result
Home BFSI

Banks’ exposure to Adani group ‘insufficient’, face limited risk: Fitch

Prashant Dwivedi by Prashant Dwivedi
February 8, 2023
in BFSI
A A
0
Banks’ exposure to Adani group ‘insufficient’, face limited risk: Fitch
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Indian banks’ exposure to Adani group is “insufficient in itself” to pose a substantial risk to their credit profiles, Fitch Ratings said on Tuesday. Adani group has faced stock rout and questions after a US short seller Hindenburg Research came out with a damning report alleging financial and accounting fraud by the ports-to-energy conglomerate. Adani Group has denied all charges and threatened to sue Hindenburg.

“Fitch Ratings believes that Indian banks’ exposure to the Adani group is insufficient in itself to present a substantial risk to the banks’ standalone credit profiles,” the rating agency said in a note.

Ratings of banks remain driven by expectations that the banks would receive extraordinary sovereign support if needed.

Fitch on February 3 stated that the controversy over the short-seller report had no immediate impact on the ratings of Fitch-rated Adani entities and their securities.

“Even under a hypothetical scenario where the wider Adani group enters distress, exposure for Indian banks should, in itself, be manageable without adverse consequences on the banks’ viability ratings,” Fitch said.

State Bank of India last week stated that its share of the group’s loans had fallen to 31 per cent by 2022-end from 55 per cent in 2016.

“We believe loans to all Adani group entities generally account for 0.8-1.2 per cent of total lending for Fitch-rated Indian banks, equivalent to 7-13 per cent of total equity,” the rating agency said.

“Even in a distress scenario, it is unlikely that all of this exposure would be written down, as much of it is tied to performing projects. Loans involving projects still under construction and those at the company level could be more vulnerable. However, even if exposures were fully provisioned for, we do not expect it would affect banks’ Viability Ratings, as banks have sufficient headroom at their current rating levels.”

Fitch said banks could have some unreported non-funded asset exposure, such as commitments or through holdings of Adani group bonds or equity, particularly as collateral.

“However, we expect any such holdings to be small compared with loan exposures, and do not believe they would be material for Fitch-rated Indian banks.”

There is a risk that state banks could face pressure to provide refinancing for Adani entities if foreign banks scale back their exposure or investor appetite for the group’s debt weakens in global markets, the agency added.

“This could affect our assessment of the risk appetite of such banks, particularly if not matched with the commensurate building of capital buffers. However, such a scenario would underpin the quasi-policy role of state-owned banks and reinforce our sovereign support expectations,” it said.

These effects could be amplified if the controversy heightens financing challenges for other Indian corporates, increasing their reliance on local bank borrowings. Nonetheless, India’s corporate sector has generally deleveraged in recent years, reducing its exposure to refinancing risk, Fitch said.

“We currently believe the economic and sovereign implications of the Adani controversy remain limited. However, there is a tail risk that fallout from the controversy could broaden and influence India’s sovereign rating, with knock-on effects for bank ratings,” Fitch said.

Adani group plays an important role in India’s infrastructure construction sector.

“Infrastructure development may slow, curbing India’s sustainable economic growth rate, if its ability to contribute to the government’s infrastructure rollout plans is impaired, though we believe the impact on growth would be likely to be small.

“The country’s medium-term economic growth could also be hurt if the group’s troubles have substantial negative spill-overs to the broader corporate sector or significantly raise the cost of capital for Indian firms, dampening investment,” it said, adding such risks are low.

0Like
0Dislike
50% LikesVS
50% Dislikes
Source: Economic Times
Tags: Adani GroupbanksbfsiFitch Ratings
Previous Post

Moody’s says bank exposure to Adani not large to affect credit quality

Next Post

NBFC-MFIs dominate microfinance market, says new report

Prashant Dwivedi

Prashant Dwivedi

Related Posts

RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs
BFSI

RBI reviews credit flow for MSMEs

September 30, 2023
Bajaj Allianz General Insurance inaugurates new office in Tezpur
BFSI

Bajaj Allianz General Insurance inaugurates new office in Tezpur

September 30, 2023
Government amends interest rates for small saving schemes for Q3
BFSI

Government amends interest rates for small saving schemes for Q3

September 30, 2023
Next Post
Leading NBFCs offer up to 8.84% to attract retail savings

NBFC-MFIs dominate microfinance market, says new report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

4th BFSI & Fintech Conclave & Awards 2023 4th BFSI & Fintech Conclave & Awards 2023
Subscribe to our Newsletter
johnsmith@example.com

Recent News

RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

RBI reviews credit flow for MSMEs

September 30, 2023
Bajaj Allianz General Insurance inaugurates new office in Tezpur

Bajaj Allianz General Insurance inaugurates new office in Tezpur

September 30, 2023
Government amends interest rates for small saving schemes for Q3

Government amends interest rates for small saving schemes for Q3

September 30, 2023
Aviva India gets Gyanendra Singh as new CTO

Aviva India gets Gyanendra Singh as new CTO

September 29, 2023
B2B Infomedia

Be To Be Infomedia Pvt. Ltd. represents the inovative platfrom to the clients and widely recognised as one of the ponier networking platfrom with the team of young, creative, dynamic & dedicated professionals.

Quick Links

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Refund Policy
  • Terms and Conditions

All News

  • BFSI
  • Edtech
  • Education
  • Enterprise
  • Financial Inclusion
  • Fintech
  • Health
  • Interviews
  • Pharma
  • Startup
  • Technology
Subscribe to our Newsletter
johnsmith@example.com
  • About Us
  • Contact Us

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

No Result
View All Result
  • Home
  • About Us
  • Upcoming Events
  • Fintech
  • BFSI
  • Education
  • Technology
  • Startup
  • Enterprise
  • Pharma
  • Contact Us
  • Login
  • Sign Up

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In