SINGAPORE — The Singapore banking sector's overall exposure to the Adani Group, the Indian conglomerate embroiled in bribery and fraud allegations by US authorities, is small, the Monetary Authority of Singapore said on Monday (Nov 25).

"Banks have in place measures to review and manage their exposures to borrowers and counterparties," an MAS spokesperson said in a statement. 
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The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, Nov 21, 2024.

MAS (Monetary Authority of Singapore)

Singapore banks

india

Fraud

Reuters

SINGAPORE — The Singapore banking sector's overall exposure to the Adani Group, the Indian conglomerate embroiled in bribery and fraud allegations by US authorities, is small, the Monetary Authority of Singapore said on Monday (Nov 25). "Banks have in place measures to review and manage their exposures to borrowers and counterparties," an MAS spokesperson said in a statement.
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MAS: Banking sector’s overall exposure to India's Adani Group is small