Heat’s now on for PSU banks with Adani Group exposure

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Indian lenders account for more than ₹88,000 crore of the Adani Group’s total debt of ₹2.41 lakh crore as of March 31, 2024, according to a group presentation. Following the Hindenburg report in January 2023, several Indian banks and financial institutions had disclosed their exposure to the Adani Group.

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