In a statement shared with exchanges, the lender wrote, "We extend credit, basis comfort on cash flow, security, and repayment capability of obligors as per the Bank's credit assessment framework. We remain comfortable with our exposure to Adani Group basis the same."
Sitharaman said India remains a well-governed, stable government and also very well-regulated financial market and expressed confidence that the investor confidence which existed before shall continue.
Atul Kumar Goel, MD and CEO of Punjab National Bank on Monday said the state-owned bank has an exposure of about Rs 7,000 crore in Adani Group companies.