Keeping tab on development related to Adani Group: PNB MD

New Delhi: Punjab National Bank (PNB) which has about Rs 7,000 crore exposure in Adani Group entities on Monday said that it is keeping a close watch on situation, developing following the damning disclosures by a US short seller, Hindenburg. The state-owned bank has total exposure of about Rs 7,000 crore. Out of that Rs 2,500 crore is related to the airport business.

"Whatever exposure we are having is backed by cash flow. Total exposure include investment of Rs 42 crore and remaining credit," said PNB managing director Atul Kumar Goel while announcing quarterly numbers.

As on date there is no worry as the bank has not too much exposure keeping the size of the lender, he said, "we are keeping a close watch on development (on Adani front) in times to come."

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