• About Us
  • Contact Us
Tuesday, March 21, 2023
  • Login
  • Register
B2B Infomedia
No Result
View All Result
  • Home
  • Fintech
    OpenText Buys Micro Focus

    OpenText Buys Micro Focus

    SUCCESSFUL CONCLUSION OF 14TH NBFC & FINTECH CONCLAVE & AWARDS 2023 WHERE CHIEF GUEST RAMESH IYER DELIVERED INAUGURAL ADDRESS

    SUCCESSFUL CONCLUSION OF 14TH NBFC & FINTECH CONCLAVE & AWARDS 2023 WHERE CHIEF GUEST RAMESH IYER DELIVERED INAUGURAL ADDRESS

    PayU reports over 50% jump in revenue, clocks net profit of Rs 126 crore

    Personal loans account for 96% of all fintech lendings, mostly below Rs 5,000: Report

    Decentro sets up operations in Singapore, appoints Wingpay’s Saksham Shubham as business head for SE Asia

    Decentro sets up operations in Singapore, appoints Wingpay’s Saksham Shubham as business head for SE Asia

    In a first for India, Paytm Payments Bank launches UPI LITE feature

    In a first for India, Paytm Payments Bank launches UPI LITE feature

    5 more banks to join digital rupee pilot in 9 more cities soon

    Goldman Sachs leads India fintech funding while deals dry up

  • BFSI
    Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

    Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

    RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulations

    HC grants time to RBI to respond to PIL on uniform banking code for foreign exchange transactions

    Indian small finance banks cheer easing bad loan ratio

    India state-run banks’ gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23

    RBI keeps close watch on Credit Suisse crisis

    Credit Suisse’s discounted sale a signal for all bankers: Kotak

    Dr. Bhagwat Karad launches a book on Cyber Security

    Dr. Bhagwat Karad launches a book on Cyber Security

    LIC increases stake in Capri Global to 9%, buying 2% more at Rs 257 crore

    FSIB to soon start selection process for new LIC chairman

  • Education
    IIT Delhi expands its campus; new curriculum and Abu Dhabi campus on cards

    Centre plans to bring IITs, Other INIs under proposed higher education regulator

    Education ministry sets up panel to strengthen assessment, accreditation of higher educational institutions

    National University of Singapore’s Multi-disciplinary Master’s Programs to Equip Learners with Skills for Industry 4.0

    IIM Ahmedabad rolls out open learning platform for students and professionals

    IIM Ahmedabad rolls out open learning platform for students and professionals

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Digital university to reduce cost of higher, skill education drastically in India: Union Minister Pradhan

    Atal Bihari Vajpayee General Scholarship Scheme: Registrations begins, check for more details

    Atal Bihari Vajpayee General Scholarship Scheme: Registrations begins, check for more details

  • Enterprise
    Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

    Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

    Indian small finance banks cheer easing bad loan ratio

    India state-run banks’ gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23

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

    Bank of Baroda Increases Interest Rates on Retail Term Deposits

    Banks set to pilot dollar clearing and settlement at IFSC

    Banks set to pilot dollar clearing and settlement at IFSC

    Bank crisis abroad won’t hit India’s macro stability: DEA Secy Ajay Seth

    Bank crisis abroad won’t hit India’s macro stability: DEA Secy Ajay Seth

    HDFC Bank acquires 7.75 per cent stake in fintech start-up Mintoak for Rs 31.1 crore

    HDFC-HDFC Bank merger gets NCLT approval

  • Technology
    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    Snapchat to gain a ChatGPT-powered AI chatbot soon

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    ChatGPT as lawyer helps design agency recover $109,500 from client who ghosted

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3

    Digital credit to be rolled out this year; NRIs in 10 countries to get UPI service

  • Events
    • Upcoming Events
    • Past Events
  • Home
  • Fintech
    OpenText Buys Micro Focus

    OpenText Buys Micro Focus

    SUCCESSFUL CONCLUSION OF 14TH NBFC & FINTECH CONCLAVE & AWARDS 2023 WHERE CHIEF GUEST RAMESH IYER DELIVERED INAUGURAL ADDRESS

    SUCCESSFUL CONCLUSION OF 14TH NBFC & FINTECH CONCLAVE & AWARDS 2023 WHERE CHIEF GUEST RAMESH IYER DELIVERED INAUGURAL ADDRESS

    PayU reports over 50% jump in revenue, clocks net profit of Rs 126 crore

    Personal loans account for 96% of all fintech lendings, mostly below Rs 5,000: Report

    Decentro sets up operations in Singapore, appoints Wingpay’s Saksham Shubham as business head for SE Asia

    Decentro sets up operations in Singapore, appoints Wingpay’s Saksham Shubham as business head for SE Asia

    In a first for India, Paytm Payments Bank launches UPI LITE feature

    In a first for India, Paytm Payments Bank launches UPI LITE feature

    5 more banks to join digital rupee pilot in 9 more cities soon

    Goldman Sachs leads India fintech funding while deals dry up

  • BFSI
    Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

    Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

    RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulations

    HC grants time to RBI to respond to PIL on uniform banking code for foreign exchange transactions

    Indian small finance banks cheer easing bad loan ratio

    India state-run banks’ gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23

    RBI keeps close watch on Credit Suisse crisis

    Credit Suisse’s discounted sale a signal for all bankers: Kotak

    Dr. Bhagwat Karad launches a book on Cyber Security

    Dr. Bhagwat Karad launches a book on Cyber Security

    LIC increases stake in Capri Global to 9%, buying 2% more at Rs 257 crore

    FSIB to soon start selection process for new LIC chairman

  • Education
    IIT Delhi expands its campus; new curriculum and Abu Dhabi campus on cards

    Centre plans to bring IITs, Other INIs under proposed higher education regulator

    Education ministry sets up panel to strengthen assessment, accreditation of higher educational institutions

    National University of Singapore’s Multi-disciplinary Master’s Programs to Equip Learners with Skills for Industry 4.0

    IIM Ahmedabad rolls out open learning platform for students and professionals

    IIM Ahmedabad rolls out open learning platform for students and professionals

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Digital university to reduce cost of higher, skill education drastically in India: Union Minister Pradhan

    Atal Bihari Vajpayee General Scholarship Scheme: Registrations begins, check for more details

    Atal Bihari Vajpayee General Scholarship Scheme: Registrations begins, check for more details

  • Enterprise
    Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

    Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

    Indian small finance banks cheer easing bad loan ratio

    India state-run banks’ gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23

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

    Bank of Baroda Increases Interest Rates on Retail Term Deposits

    Banks set to pilot dollar clearing and settlement at IFSC

    Banks set to pilot dollar clearing and settlement at IFSC

    Bank crisis abroad won’t hit India’s macro stability: DEA Secy Ajay Seth

    Bank crisis abroad won’t hit India’s macro stability: DEA Secy Ajay Seth

    HDFC Bank acquires 7.75 per cent stake in fintech start-up Mintoak for Rs 31.1 crore

    HDFC-HDFC Bank merger gets NCLT approval

  • Technology
    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    Snapchat to gain a ChatGPT-powered AI chatbot soon

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    ChatGPT as lawyer helps design agency recover $109,500 from client who ghosted

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3

    Digital credit to be rolled out this year; NRIs in 10 countries to get UPI service

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

SBI, BoB say Adani exposure within limits, payments on track

Prashant Dwivedi by Prashant Dwivedi
February 4, 2023
in BFSI, Enterprise
A A
0
SBI sees 14%-15% corporate credit growth in FY23
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Two top public sector banks have said that their loan exposure to the Adani Group is being serviced regularly and its well within their corporate ceilings.

State Bank of India (SBI) chairman Dinesh Khara said that the bank’s exposure to the Adani Group is 0.88% of its loan book while Bank of Baroda (BoB) CEO Sanjiv Chadha said the bank’s exposure to the group is 1/4th of the large corporate ceiling set by Reserve Bank of India (RBI) norms. Both banks said their loans to the beleaguered group have a good track record and have shown no signs of stress.

“Our lending to the projects of this group are backed by tangible assets and have adequate cash generation. Our total exposure to this group is about 0.88% of our loan book and we see no challenge in servicing of loan obligations. There are no loans against shares and hence there is no impact of the fall in the group’s shares through margin calls,” SBI chairman Khara said in response to questions on the bank’s exposure to the group in a post results conference call.

At the end of the December quarter, SBI’s total loan book stood at Rs 31.33 lakh crore and a 0.88% exposure means the bank had about a Rs 27,000 crore exposure to the group.

Khara said the total exposure included letters of credit and performance based bank guarantees which had no elements of equity which means the bank was insulated from any adverse movements in the group’s stock prices.

“All the loans to this group are evaluated on its merits. But we are always mindful of any risks building up which we do in any normal course. The group has adequate cash generation gor now. If need be we will engage with the group (for any clarifications);” Khara said.

A Jefferies report last week had pegged total Adani Group debt at Rs 1.88 lakh crore, 25% of which was with public sector banks, second only to the bonds which constitute 37% of the group’s debt. SBI due to its sheer size is the top lender to the Adani group but loans to the group make only 0.70% of public sector bank total loans.

BoB CEO Chadha also said the group well within the defined regulatory framework in terms of loans and has shown no signs of stress.

“Our loans to this group are about 1/4th of the large exposurr ceiling of the RBI which includes outstanding plus non funded loans. Infact as a percentage of our balance sheet it has come down. Moreover, 30% of our loans to this group are to joint ventures this group has to public sector companies or secured by a guarantee of a public sector company,” Chadha told reported.

He further elaborated that there have been no issues with regards to loan repayments from the group and the bank’s loans are secured by cash flows that the company has.

“In fact there have been no issues with regards to any large group in the corporate sector let alone this group,” Chadha said.

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

India’s largest bank SBI has $2.6 billion of loans to Adani Group companies

Next Post

Banking sector remains resilient and stable: RBI

Prashant Dwivedi

Prashant Dwivedi

Related Posts

Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows
Enterprise

Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

March 21, 2023
RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulations
BFSI

HC grants time to RBI to respond to PIL on uniform banking code for foreign exchange transactions

March 21, 2023
Indian small finance banks cheer easing bad loan ratio
BFSI

India state-run banks’ gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23

March 21, 2023
Next Post
RBI response sought on PIL seeking uniform banking code for forex transactions

Banking sector remains resilient and stable: RBI

Leave a Reply Cancel reply

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

14th NBFC & FINTECH CONCLAVE & AWARDS 2023
Subscribe to our Newsletter
johnsmith@example.com

Recent News

IIT Delhi expands its campus; new curriculum and Abu Dhabi campus on cards

Centre plans to bring IITs, Other INIs under proposed higher education regulator

March 21, 2023
Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows

March 21, 2023
RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulations

HC grants time to RBI to respond to PIL on uniform banking code for foreign exchange transactions

March 21, 2023
Indian small finance banks cheer easing bad loan ratio

India state-run banks’ gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23

March 21, 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
  • 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