Markets ‘overpricing’ banks’ risk from Adani exposure: Societe Generale

Markets ‘overpricing’ banks’ risk from Adani exposure: Societe Generale

Markets are “overpricing” the risk to Indian lenders from their exposure to Adani Group, which was targeted last week in a report by short-seller Hindenburg Research, Societe Generale said, adding that a sell-off in banking shares seems overdone. India’s Nifty Bank index lost as much as 7.7% [...]