BRIEF-Axis Bank Issues Clarification Regarding Axis Bank’s Exposure To Adani Group Entities


Reuters | Updated: 04-02-2023 17:02 IST | Created: 04-02-2023 16:46 IST
BRIEF-Axis Bank Issues Clarification Regarding Axis Bank’s Exposure To Adani Group Entities
Representative Image Image Credit: Wikimedia

Axis Bank Ltd: * CLARIFICATION REGARDING AXIS BANK’S EXPOSURE TO ADANI GROUP ENTITIES

* EXPOSURE TO ADANI GROUP ENTITIES IS 0.94% OF TOTAL OUTSTANDING AS % OF NET ADVANCES * OUR EXPOSURE TO ADANI GROUP IS PRIMARILY TO OPERATING COMPANIES IN PORTS, TRANSMISSION, POWER, GAS DISTRIBUTION, ROADS, AIRPORTS ETC

* WE REMAIN COMFORTABLE WITH OUR EXPOSURE TO ADANI GROUP BASIS THE SAME Source text for Eikon: Further company coverage:

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