SBI’s whole publicity to the embattled Adani Group is 0.88 per cent of the e-book or about Rs 27,000 crore, and the nation’s largest lender doesn’t envisage any setback on its bets, a prime official mentioned on Friday.

At a time when the share costs of the group are getting hammered, the government-owned lender mentioned it has not prolonged any loans towards shares to the ports-to-mining group.

Chatting with reporters after the announcement of outcomes, SBI Chairman Dinesh Khara clarified that the non-fund publicity is restricted to letters of credit score and efficiency financial institution ensures, and isn’t associated to any fairness elevating or acquisition actions of the Gautam Adani-led group.

“So far as the quantum is worried, that’s 0.88 per cent of our whole mortgage e-book?we do not envisage any form of a problem when it comes to their skill to service the mortgage obligations which they’ve taken,” Khara mentioned, including the group has glorious compensation report.

“Additionally, we have now not prolonged any loans towards shares and so forth, there isn’t any such portfolio which we have now,” he famous.

The going has been powerful for the Adani Group during the last week for the reason that launch of a report by a US short-seller made allegations of fraudulent transactions and share value manipulation.

The Adani Group cancelled a Rs 20,000 crore share sale a day after the problem was absolutely subscribed.

Amid the sharp corrections in its inventory since final week, the nation’s largest lender had sought to assuage investor considerations by clarifying that its publicity to Adani Group is absolutely secured by cash-generating property.

On related traces, Khara additionally mentioned the undertaking loans to Adani tasks are “tangible property”, having enough money technology.

“We now have not issued any assure in the direction of securing any of the monetary obligations or acquisitions both. These are all efficiency ensures or monetary ensures within the regular course of enterprise. There may be nothing which we have now finished that may trigger concern to us,” he mentioned.

When requested if the group is altering its diligence practices with regard to the Adani Group, given the continued occasions, Khara mentioned the lender all the time insists on enough fairness to be introduced in earlier than releasing any quantity.

“Except the fairness is seen, the quantity is just not launched It isn’t in order that we’re ready for any fairness. Going ahead as properly, every of such proposals will likely be evaluated by itself benefit. It’s a resolution with credit score committees,” he mentioned.

He additionally mentioned that the pipeline of loans to be sanctioned is not going to change the general publicity in a major method.

The Adani Group has not approached the financial institution for any mortgage refinancing, Khara mentioned.

It may be famous that a variety of focus has been on the home monetary establishments following the controversy, which incorporates the general debt exposures and fairness investments of government-owned firms to the group.

The Reserve Financial institution has additionally requested banks to share their exposures to Adani Group entities and the securities that they’ve.