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India banks are reviewing Adani Group exposure after US charges, sources say
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India banks are reviewing Adani Group exposure after US charges, sources say
Nov 28, 2024 2:36 AM

MUMBAI/NEW DELHI, Nov 28 (Reuters) - Indian lenders,

including State Bank of India, are reviewing their

exposure to Adani Group and examining whether they need to

tighten their due diligence when offering new loans to them,

after the U.S. accused Chairman Gautam Adani of bribery, eight

bankers said.

Bank of India, Union Bank, ICICI Bank, Canara Bank, IDBI

Bank and RBL Bank, which have a relatively smaller exposure to

the group, are also undertaking a similar exercise.

A review would not necessarily entail any change in the

lenders' credit approach with regards to the group.

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