SBI’s exposure to Adani Group manageable: CreditSights

State Bank of India’s exposure to the embattled Adani Group is “well-manageable”, given its strong buffer of provision reserves, CreditSights, a unit of Fitch Ratings, said in a note on Tuesday.

SBI’s total exposure to the conglomerate was 0.9 per cent of its total loan book, or around 270 billion rupees, Chairman Dinesh Kumar Khara said on Friday.

CreditSights pointed out that the country’s largest lender has a provision reserves buffer of around Rs 33,800 crores ($4.08 billion), or around 1 per cent of net loans.

It added SBI also has the capacity to generate pre-provisioning operating profit, or income before taking into account future bad debt provisions.