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MAS: Banking sector’s overall exposure to India's Adani Group is small

MAS: Banking sector’s overall exposure to India's Adani Group is small
The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, Nov 21, 2024.
PHOTO: Reuters file
PUBLISHED ONNovember 26, 2024 1:42 AM

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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How Indian billionaire Gautam Adani's alleged bribery scheme took off and unravelled

Source: Reuters

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