Singapore banking sector's overall exposure to India's Adani Group is small, MAS says-March 2024-www.financetom.com

Singapore banking sector's overall exposure to India's Adani Group is small, MAS says

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Singapore banking sector's overall exposure to India's Adani Group is small, MAS says

Nov 24, 2024 8:45 PM

SINGAPORE, Nov 25 (Reuters) - The Singapore banking

sector's overall exposure to the Adani Group, the Indian

conglomerate embroiled in bribery and fraud allegations by U.S.

authorities, is small, the Monetary Authority of Singapore said

on Monday.

"Banks have in place measures to review and manage their

exposures to borrowers and counterparties," an MAS spokesperson

said in a statement.

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