SBI gave a loan of 21 thousand crores to Adani Group, the revelations in the report created a stir

New Delhi (Best Hindu News): After the Hindenburg report, Adani Group’s Gaitam Adani seems to be surrounded. On the one hand, there was a lot of uproar in the Parliament on Thursday, on the other hand, a report has made a sensational disclosure. It was told in the report that the state bank State Bank of India has given a loan of Rs 21000 crore ($ 2.6 billion) to Adani Group firms. This amount is half of what State Bank of India is allowed to lend under the rules. According to the report, some people have given this information to him on the condition of anonymity. According to Bloomberg, an SBI representative declined to comment on the loan. Loans given by various banks to Gautam Adani’s companies have come under scrutiny following a report by US-based Hindenburg Research which has led to a fall in stocks. Wealth Units of Credit Suisse and Citigroup Inc have stopped accepting securities from the group as collateral. Adani has rejected these allegations and termed the report as fake. On the other hand, Punjab National Bank has given a loan of 70 billion rupees to Adani Group. Last month, the chief executive of the bank Atul Goyal had given this information.
The report said that the exposure given by SBI to Adani also included $200 million from its overseas units. SBI Chairman Dinesh Kumar Khara on Thursday said Adani group companies affected by the turmoil are servicing loans and he does not see any immediate challenge to what the bank has lent so far. Bloomberg has given this information on the basis of a source.