RBI looking at its bank exposure, Know in detail

The owner of Adani Enterprises Mr Gautam Adani is in the Headlines since he was out of the list of richest people across Asia, and today again he is in the news. According to the latest updates The Reserve Bank of India (RBI) is looking into the details of banks’ exposure to Adani group companies and has sought the present status of these loans, people familiar with the matter.Must Read : After Tunisha, Avneet Kaur to play Shehzaadi Mariam in Ali baba-Daastan-E-Kabul?RBI has already reached to some of the lenders of the group and is engaging with lenders to verify the exposure details. Talking about the lenders, the banks which have given loans to the Adani Group include Punjab National Bank, which has around Rs 7000 crore exposure to the Adani group. Other than that IndusInd Bank, in a clarification to stock exchanges said the bank’s total loan outstanding towards the Group is at 0.49 percent of the bank’s loan book. Further, the totals non-fund outstanding is at 0.85 percent o

View More RBI looking at its bank exposure, Know in detail

Remembering Lal Bahadur Shahstri on his Death Anniversary

Lal Bahadur Shastri served as India’s second Prime Minister. The nation observes his death anniversary on January 11. He passed away on this day in 1966, in Tashkent, in present-day Uzbekistan. One of the greatest leaders in the history of independent India, Shastri was known as a man of the people.Also read : Bollywood: Fact about Hrithik RoshanShastri was a leader moulded in old-school politics. He gave the slogan of ‘Jai Jawan Jai Kisan’. He evolved from being a seasoned freedom fighter to a capable leader of the world’s largest democracy.Shastri, who came from a very humble background, was born on October 2, 1904, in Uttar Pradesh’s Mughalsarai town. His father, Sharada Prasad Srivastava, was a school teacher and died when Shastri was just one-and-a-half years old. Despite tremendous hardships, Shastri completed his education.Shastri became the prime minister during extremely challenging times and provided steady leadership to the country. During his tenure, India respon

View More Remembering Lal Bahadur Shahstri on his Death Anniversary