SBICap Trustee in notices to stock exchanges said that a further 0.99 per cent shares in Adani Green Energy were pledged “for the benefits of the lenders” of Adani Enterprises.
‘Kotak Mahindra Bank has small exposure’
Private sector lender Kotak Mahindra Bank has a "small exposure" to the embattled Adani Group which has been made inline with its credit philosophy, said Paritosh Kashyap, president and head for wholesale banking at the bank.
He added the issues surrounding Adani Group are more of a "capital market and valuations issue and not a credit issue."
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