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Even as opposition has been pressing its demand for a Joint Parliamentary Committee (JPC) probe into the Hindenburg-Adani row, the lenders have said that their exposure to the conglamorate is within permitted limits while Securities and Exchange Board of India (SEBI) has asserted that it is committed to ensuring market integrity.
Nirmala Sitharaman also swatted away questions about the Adani Group cancelling a fresh sale of shares in the wake of the stock crash.
While the finance minister said that LIC and SBI have explained that their exposure to the Adani Group is within limits, the RBI in a statement said that the Indian banking sector remains "resilient and stable".
The RBI said it was issuing the comments as there had 'been media reports expressing concern about the exposures of Indian banks to a business conglomerate'
The Reserve Bank of India also said that it is constantly monitoring the banking sector.