With Rs 7,000 cr exposure to Adani Group, PNB says keeping tabs on developments
Punjab National Bank (PNB) which has about Rs 7,000 crore exposure in Adani Group entities on Monday said it is keeping a close watch on situation developing following the damning disclosures by a US short seller.
The state-owned bank has total exposure of about Rs 7,000 crore. Out of that Rs 2,500 crore is related to the airport business.
“Whatever exposure we are having is backed by cash flow. Total exposure include investment of Rs 42 crore and remaining credit,” PNB managing director Atul Kumar Goel said while announcing quarterly numbers.
