PNB's exposure to Adani Group not a matter of worry, says bank chief
Atul Kumar Goel, MD and CEO of Punjab National Bank on Monday said the state-owned bank has an exposure of about Rs 7,000 crore in Adani Group companies.
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Atul Kumar Goel, MD and CEO of Punjab National Bank on Monday said the state-owned bank has an exposure of about Rs 7,000 crore in Adani Group companies.
During the quarter, the net interest income (NII) grew by 17.6 percent to Rs 9,179 crore while operating profit increased by 12.6 percent to Rs 5,716 crore on a YoY basis, PNB managing director Atul Kumar Goel said.
The managing director and chief executive officer (MD & CEO) of Punjab National Bank, Atul Kumar Goel, on Monday said that the state-run lender has a total exposure of 70 billion rupees ($859.30 million) to Adani Group, but there is currently no worry pertaining to those accounts. -- aaa
The country’s second-largest state-owned bank has an exposure of Rs 7000 crore in Adani Group
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