Adani Group in continuous loss after Hindenburg report, yet BOB can give more loans, know who is BOB
BOB can give more loans Adani Group has been facing continuous losses since the Hindenburg report came out. Gautam Adani, who is number two on the list of the richest people in the world, is currently going to be at number 26. At such a time, this Indian bank is considering giving loans to the Adani Group.
Muskan 
Adani Group was the third richest person in the world till the last day of the third week of January. But the Hindenburg report published on January 24 made Adani Group's condition miserable. There was a stir in the whole country. The stock market shuddered. And in this storm, Adani Group slipped from the third number to the 26th number today. On the 26th day after the Hindenburg report, the market cap of Adani Group decreased by $ 120 billion. According to the Bloomberg Billionaire Index, Adani's net worth declined by $1.15 billion to $49.1 billion. Adani has now slipped to number 25 on the list of the world's rich. His net worth has declined by $71.5 billion this year. But at the time of this trouble, the Adani group received relief news from a large public sector bank in the country. Public sector bank, Bank of Baroda (BOB) said that it is ready to consider lending more money to the Adani Group. In Hindenburg's research report, Adani Group has been accused of accounting fraud and rigging the share price.
Bank of Baroda Chief Executive Officer Sanjeev Chadha said that if the Adani Group meets the bank's underwriting standards, the bank will definitely consider giving more loans. He said I am not worried about the ups and downs in Adani Group's shares.
In an interview, Sanjiv Chadha, CEO of BOB said that you have underwriting standards. You can stick with it in good times as well as in bad times. However, the CEO of Bank of Baroda has not commented regarding the bank's exposure to Adani Group during this period.
