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Comfortable with exposure to Adani Group's firms: IDFC FIRST Bank
short by Srishty Choudhury / on Thursday, 2 February, 2023
IDFC FIRST Bank said it is comfortable with exposure to Adani Group companies and the bank has been receiving payments. The lender said the funded outstanding from the group is 'only 0.06% of the funded assets' as of December 2022. It has working capital (non-funded) outstanding of 'only 0.51% of the funded assets' as of December 31, 2022, bank added.
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