MUMBAI: Public sector lender Bank of Baroda on Friday said it has reduced exposure to the embattled Adani Group entities over the last two years, and has no concerns on asset quality issues with the conglomerate.
The bank's managing director and chief executive Sanjiv Chadha told reporters that the bank's overall exposure to the ports-to-media conglomerate's entities is one fourth of the single group exposures allowed under the Large Exposures Framework (LEF) but refused to share a number.
In the LEF, RBI says all the exposure values of a bank to a group of connected counterparties must not be higher than 25 per cent of the bank's available eligible capital base at all times.
This story is from the February 04, 2023 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 04, 2023 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
India defeat B'desh by 56 runs via D/L method, lead series 4-0
India continued their dominant run against Bangladesh with a 56-run win via Duckworth-Lewis method in the rain curtailed fourth women's T20 here on Monday.
Ton-up Surya powers Mumbai to seven-wicket win over Hyderabad
DESPITE THE LOSS, SRH REMAINED 4TH WITH 12 POINTS IN 11 GAMES
‘Indian airlines to have 50% market share in international passenger traffic by FY2027-28’
‘Share of Indian airlines, which was rising steadily earlier, picked up pace since pandemic’
FM administers oath to Sanjaya Kumar Mishra as 1st GSTAT prez
Finance Minister Nirmala Sitharaman on Monday administered the oath of office to Justice (Retd) Sanjaya Kumar Mishra as first President of the GST appellate tribunal (GSTAT).
P-note investments surge to near 6-year high to 1.5 lakh cr
The latest data includes the value of P-note investments in Indian equity, debt, and hybrid securities
India's service activity growth in April among fastest in 14 yrs: PMI
Survey members attributed the latest upturn in output to favourable economic conditions, demand strength and rising intakes of new work
Israeli army tells Palestinians to evacuate parts of Rafah
The Israeli army ordered some 100,000 Palestinians on Monday to begin evacuating from the southern city of Rafah, signalling that a long-promised ground invasion there could be imminent and further complicating efforts to broker a ceasefire in Gaza.
Inclusivity in transition
As the world gears up for a green economy, the inherent shortcomings in resource utilisation and its socio-environmental fallouts need to be addressed through an innovative business model
Supreme Court halts activity at Doloo Greenfield airport in Cachar tea estate
Plea in NGT seeks a direction to cease further construction at Doloo tea estate until comprehensive EIA is conducted to restore the estate to its original condition
Money laundering case: HC grants interim bail to Jet Airways founder Naresh Goyal
The Bombay High Court on Monday granted interim bail for two months on medical grounds to Jet Airways founder Naresh Goyal, who has been arrested by the Enforcement Directorate (ED) in a money laundering case.