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ReutersReuters

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

AXISBANKADANIENT

Axis Bank Ltd AXISBANK:

  • 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

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