SINGAPORE -- DBS Group Holdings, Southeast Asia's largest lender by total assets, on Monday defended the asset quality of Adani Group's cement units, following intense pressure on the Indian conglomerate over allegations of fraud in recent weeks.
Finance
Singapore's DBS unfazed by Adani exposure of around $1bn
Bank CEO Gupta defends asset quality of Indian conglomerate's cement units
DBS Group has no exposure to any of Adani’s shares and thus is unaffected by changes in the Indian group's stock, CEO Piyush Gupta says. © Reuters
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