Moody's, Fitch say exposure of banks to Adani not big enough to be concerned
Shortpedia
Content Team
Image Credit: FPJ
Although Adani Group stocks returned to green territory after a two-week rout, it could only trim loss in market value from $118 billion to $115 billion. But the massive crash in the conglomerate's share prices has also raised concerns about the risks to banks who have loaned funds to it. Moody's and Fitch reiterated the assertion by the RBI and the Minister of Finance, that banks won't be affected by the Adani fiasco.
