J&K Bank Speaks: Rs 250 Cr exposure in Adani Power, receiving repayments regularly

JAMMU: Breaking its silence about its exposure to the Adani Group of Rs. 250 crore, Jammu and Kashmir Bank stated on Friday that there was no need for concern because it has been receiving regular repayments for the money it lent the Indian company for two power projects.

“Both these projects are operating well. We have been receiving repayments for both the term loans regularly,” Sharma said while talking to media.

Sharma said that there is no need to panic as our loans are secured, standard and regular.