Gautam Adani Lost $45 billion,
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4. No material risk to Indian banks from Adani Group: Jefferies
• There is no material risk to the Indian banking sector from Adani Group, brokerage firm Jefferies said on Thursday.
The comments came after Hindenburg Research accused Adani Group of improper use of offshore tax havens and flagged concerns about high debt.
• According to the brokerage firm, the group's debt accounts for 0.5% of total Toans across the Indian banking sector.
