RBI Says “Banking Sector Resilient And Stable” Amid Adani Stocks Rout
The RBI said it remains vigilant and continues to monitor the stability of Indian banking sector
New Delhi:
The Reserve Bank of India today said the country’s banking system remains resilient and stable, amid concerns about the exposure of lenders to Adani group companies.
“Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy. Banks are also in compliance with the Large Exposure Framework guidelines issued by the RBI,” the central bank said in a statement.
The RBI said it remains vigilant and continues to monitor the stability of the Indian banking sector. The central bank issued the comments as there had “been media reports expressing concern about the exposures of Indian banks to a business conglomerate”.
It did not name Adani group.
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