Reports on highly leveraged debt-based operations of the Adani Group- calls for a closer look from the PSU banks’ point of view

 To Shri Shaktikant Das Governor RBI Dear Shri Das, RBI must have seen the disturbing report of the credit research agency, CreditSights, on highly over-leveraged expansion programme undertaken by the Adani Group in India and abroad (https://www.reuters.com/world/india/indias-adani-group-deeply-overlever…) The credit research agency is reported to have pointed out, “The conglomerate’s debt-funded growth plans could spiral ‘into a massive debt trap’ and[Read More...]