The Reserve Bank of India (RBI) on Friday said the banking sector remained resilient in terms of its assessment, and bank exposures to companies were well within norms.
This came amid concern over lenders' financial health due to the stock rout in the Adani group.
"There have been media reports expressing concern about the exposures of Indian banks to a business conglomerate. As the regulator and supervisor, the RBI maintains a constant vigil on the banking sector and on individual banks with a view to (maintaining) financial stability," the RBI said.
The banking regulator's statement, however, did not mention the Adani group, which lost 9.1 trillion in market capitalisation after USbased short-seller Hindenburg Research's report last week accused it of stock manipulation and accounting fraud.
Banks have an exposure of ₹80,000 crore to the conglomerate, with State Bank of India leading the pack with ₹27,000 crore.
هذه القصة مأخوذة من طبعة February 04, 2023 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة February 04, 2023 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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Now boarding
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