Adani Group poses no significant downside risk to Indian banks: CLSA

CLSA said that even though the group's bank debt has increased 25 per cent in the past three years, the share of bank debt in overall group debt has reduced

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BS Web Team New Delhi
The Adani Group poses no "significant downside risk" to Indian banks, global broking and research firm CLSA said on Thursday, as reported by the Economic Times (ET). It said that the total exposure of Indian banks is less than 40 per cent of the group's total debt. 

The consolidated debt of the group was pegged at Rs 2.1 trillion. 

Within this 40 per cent, the exposure of private banks is below 10 per cent and lenders like ICICI Bank and Axis Bank have indicated that they have largely financed assets with strong cash flows, such as airports or ports. 

"PSU

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First Published: Jan 27 2023 | 8:56 AM IST

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