The Reserve Bank of India (RBI) has given a big statement on the issue of Adani Group. RBI says that the country’s banking sector is strong and stable.
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The Reserve Bank of India (RBI) has given a big statement on the issue of Adani Group. RBI says that the country’s banking sector is strong and stable. The central bank said that the condition of the banking system is stable on the parameters of capital adequacy, asset quality, liquidity, provision coverage and profitability health. He said that the bank also follows the guidelines of the Large Exposure Framework (LEF).
RBI said that the central bank remains cautious and is monitoring the stability of the sector. Let us tell you that this is the first time that the country’s central bank has said anything on the issue of Adani Group. Earlier he did not talk about Adani Group and its current crisis. But today the press release of RBI is directly pointing towards the case of Adani Group.
In the beginning of its press release, RBI said that there have been media reports regarding the exposure of a business group of Indian banks. He said that as a regulator and supervisor, the RBI continues to maintain a cautious approach on the banking sector and banks. According to him, his goal is to maintain financial stability.
This story is being updated…