As of *, banks held a ** percent share in Adani Group's total debt. Within this category, a major portion was held by public sector banks. Concerns over banks' exposure to the Adani Group have emerged post the publication of Hindenburg Research's report alleging financial fraud and stock manipulation. USD and FX bonds were the second biggest source of debt financing for the group.
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Business Insider. (January 27, 2023). Breakdown of Adani Group's debt sources as of January 27, 2023, by type [Graph]. In ÀÖ²¥´«Ã½app×îа汾. Retrieved August 13, 2026, from /statistics/1369037/adani-group-debt-sources-by-type/
Business Insider. "Breakdown of Adani Group's debt sources as of January 27, 2023, by type." Chart. January 27, 2023. ÀÖ²¥´«Ã½app×îа汾. Accessed August 13, 2026. /statistics/1369037/adani-group-debt-sources-by-type/
Business Insider. (2023). Breakdown of Adani Group's debt sources as of January 27, 2023, by type. ÀÖ²¥´«Ã½app×îа汾. ÀÖ²¥´«Ã½app×îа汾 Inc.. Accessed: August 13, 2026. /statistics/1369037/adani-group-debt-sources-by-type/
Business Insider. "Breakdown of Adani Group's Debt Sources as of January 27, 2023, by Type." ÀÖ²¥´«Ã½app×îа汾, ÀÖ²¥´«Ã½app×îа汾 Inc., 27 Jan 2023, /statistics/1369037/adani-group-debt-sources-by-type/
Business Insider, Breakdown of Adani Group's debt sources as of January 27, 2023, by type ÀÖ²¥´«Ã½app×îа汾, /statistics/1369037/adani-group-debt-sources-by-type/ (last visited August 13, 2026)
Breakdown of Adani Group's debt sources as of January 27, 2023, by type [Graph], Business Insider, January 27, 2023. [Online]. Available: /statistics/1369037/adani-group-debt-sources-by-type/
