Business Standard

'No worry': Punjab National Bank allays concerns about Adani group exposure

Bank reports 44.2% decline in Q3 net profit as NPA provisions, costs rise

PNB, Punjab national bank
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Nikesh Singh New Delhi
Punjab National Bank on Monday allayed concerns about its exposure to Adani companies and noted that its loans to the group are diversified into 8-9 companies, which are generating sufficient cash.

Atul Kumar Goel, the bank’s MD & CEO, in a post-earnings call said total exposure to Adani group, so far, stands at Rs 7,000 crore, of which Rs 2,500 crore is in the airport sector. He further said there is “no worry as the exposure is not very big” and that the bank is keeping an eye on the development that is taking place. Adani companies are in focus

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First Published: Jan 30 2023 | 9:03 PM IST

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