SBI gave loans of $2.6 billion to companies of Adani Group

NEW DELHI: The State Bank of India, has given loans of as much as $2.6 billion to companies in the Adani conglomerate,according to reports.

Reports said that the SBI’s exposure includes $200 million from its overseas units.How ever,the Reserve Bank of India, has asked lenders for details of their exposure to the conglomerate following a rout in group companies’ stock prices, Bloomberg News reported earlier Thursday.

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