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“Bank Of Baroda To Continue Giving Loans To Adani Group”: Reports

Adani

The lender also said its exposure to Adani Group is primarily to the operating companies in the ports, transmission, power, gas distribution, roads, airports, etc. It also added that the non-fund-based facilities are primarily in the form of letters of credit and performance bank guarantees that are majorly short tenor.

Amid the unprecedented crisis for the Adani group, Bank of Baroda MD and CEO Sanjiv Chadha has said that his bank will continue to lend Adani group, Moneycontrol has reported.

Axis Bank on Saturday clarified that the lender remains comfortable with its exposure to the Adani Group. In a statement shared with exchanges, the lender wrote, “We extend credit, basis comfort on cash flow, security, and repayment capability of obligors as per the Bank’s credit assessment framework. We remain comfortable with our exposure to Adani Group basis the same.”

Also Read:Gymnast Dipa Karmakar Admits To Doping Violation After Facing 21-Month Ban

The lender also said its exposure to Adani Group is primarily to the operating companies in the ports, transmission, power, gas distribution, roads, airports, etc. It also added that the non-fund-based facilities are primarily in the form of letters of credit and performance bank guarantees that are majorly short tenor.

In addition, the lender said the bank’s fund based and non-fund-based outstanding towards the Group’s joint ventures is at 0.02 per cent and 0.25 per cent, respectively of the Bank’s net advances.

Further, the lender said, “We (the bank) would like to highlight that the Bank has a resilient balance sheet with standard asset coverage of 1.53 per cent as of December 31, 2022.”  Reported news agency ANI.

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Gymnast Dipa Karmakar Admits To Doping Violation After Facing 21-Month Ban

Shashank

Dipa Karmakar’s ban period will end on the 10th of July 2023 as it was counted from the day the sample was collected which is the 11th of October 2021.

Indian gymnast Dipa Karmakar has admitted to “unknowingly ingesting a banned substance” after being suspended for 21 months for the use of a prohibited substance, reported The Print.

The 29-year-old Tripura girl tested positive for higenamine (S3. Beta-2 Agonists as per the World Anti-Doping Agency prohibited list) which was found in her dope sample. The positive sample was collected on behalf of the Federation Internationale de Gymnastique (FIG) in the scope of an out-of-competition control on 11th October 2021. Higenamine was added to the World Anti-Doping Agency’s list of prohibited substances in 2017.

Also Read: Pakistan’s Former President Pervez Musharraf Dies After Prolonged Illness At 79

“Today marks the end of one of the longest battles I have fought for myself and my career. In October 2021, my sample was obtained for out-of-competition testing and sent for assessment. The result was positive for a banned substance which I unknowingly ingested and could not determine the source of. I decided to take a provisional suspension with the hope of a swift resolution with the international federation,” wrote Karmakar on Twitter.

Dipa Karmakar’s ban period will end on the 10th of July 2023 as it was counted from the day the sample was collected which is the 11th of October 2021.

“I am happy that the matter has been amicably resolved. My suspension has been reduced by 3 months and backdated by 2.5 months, allowing me to return to the sport I love in July 2023,” wrote Dipa Karmakar.

The ban means the 29-year-old will miss all the tournaments in the Apparatus World Cup Series and at least three of the six World Challenge Cup Series. She will be eligible for the Olympics qualifier event World Championships 2023 in Antwerp starting September 23.

“It has been distressful to not know how the substances entered my body, however, more so to be in a position where my ethics have been questioned. Never in my career has the thought of consuming a banned substance crossed my mind. Gymnastics is all I have, and I would never do anything which would bring myself or my country into disrepute. Cannot wait to get back on the floor!” added Dipa Karmakar.

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