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RBI said on Friday that according to its current assessment, the banking sector remains resilient and stable and noted that it maintains a constant vigil on the sector and on individual banks with a view to maintain financial stability.
New Delhi, February 3 (IANS) Amid doubts being raised over state-owned banks' exposure to Adani group, the Reserve Bank of India (RBI) on Friday said that "the banking sector remains resilient and stable".
Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy: Reserve Bank of India
The statement comes at a critical juncture with markets tanking on the basis of a short selling report from Hindenburg Research with the Adani Group caught in a maelstrom losing Rs 4.18 trillion in market cap in two trading sessions. The report by US-based investment research firm Hindenburg Research alleged that the group was engaged in
Mumbai January 28 (IANS) Indias largest lender State Bank of India (SBI) said on Friday that its exposure to the Adani Group was well below the Reserve Bank of Indias (RBIs) Large Exposure Framework and was secured by cash generating assets.