Hindenburg fallout: Adani Group decreasing exposure to Indian banks

Of all the debt the Adani Group has, over half is foreign debt in the form of overseas bonds and loans taken from foreign banks, and a fourth is from domestic banks

Adani Group's CFO, Jugeshinder Singh, said that the group was reducing its exposure to Indian banks, according to a report in Hindu Business Line. This comes despite the fact that Indian banks have not expressed any issues with lending money to the Adani Group.

In an interaction on Tuesday with institutional investors, Jugeshinder Singh said that while foreign banks took ‘credit decisions,’ Indian banks took ‘name decisions’, the report said.

Of all the debt the group has, over half is foreign debt in the form of overseas bonds and loans taken from foreign banks, and a