{"id":550447,"date":"2023-01-28T09:40:22","date_gmt":"2023-01-28T04:10:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550447"},"modified":"2023-01-28T10:14:56","modified_gmt":"2023-01-28T04:44:56","slug":"exposure-to-adani-group-well-below-limit-says-state-bank-of-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exposure-to-adani-group-well-below-limit-says-state-bank-of-india\/","title":{"rendered":"Exposure to Adani group well below limit, says State Bank of India"},"content":{"rendered":"<p>The country\u2019s largest lender, State Bank of India, said on Friday that its exposure to the Adani Group was well below the Reserve Bank of India\u2019s (RBI\u2019s) Large Exposure Framework and was secured by cash generating assets. <\/p>\n<p>The statement comes as the Adani Group lost Rs 4.18 trillion in market capitalisation in the last two trading sessions after a report by US-based investment research firm Hindenburg Research alleged that the group was engaged in \u201ca brazen stock manipulation and accounting fraud scheme\u201d. Hindenburg Research alleged that there was 85 per cent downside in group stocks \u201cpurely on fundamental valuations\u201d. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country\u2019s largest lender, State Bank of India, said on Friday that its exposure to the Adani Group was well below the Reserve Bank of India\u2019s (RBI\u2019s) Large Exposure Framework and was secured by cash generating assets. The statement comes as the Adani Group lost Rs 4.18 trillion in market capitalisation in the last two trading sessions after a report by US-based investment research firm Hindenburg Research alleged that the group was engaged in \u201ca brazen stock manipulation and accounting fraud scheme\u201d. Hindenburg Research alleged that there was 85 per cent downside in group stocks \u201cpurely on fundamental valuations\u201d.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-550447","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=550447"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550447\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}