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    • #122735

      ADANI RESPONSE (29/01/2023) The report claims to have undertaken a “2-year investigation” and “uncover evidence”, but comprises of nothing other than selective and incomplete extracts of disclosed information which has been in the public domain for years if not decades, attempts to highlight allegations which have since been judicially determined to be false, narrates as fact what is attributed to hearsay, rumours and gossip spread by unnamed sources such as “a former trader” or “touts” of a “close relationship”, questions the independence of the judicial processes and regulators in the nation, and selectively extracts statements devoid of their context and with no understanding of Indian law or industry practice. It is telling that not one of the allegations is a result of any independent or journalistic fact finding. The allegations and innuendoes made in the Hindenburg report are knowingly false.

      [See the full post at: Hindenburg Research asked 88 questions to Adani Group appears as a part of conspiracy against India]

    • #122789

      RBI statement on the health of Indian Banking sector

      Date : Feb 03, 2023

      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 maintain financial stability. The RBI has a Central Repository of Information on Large Credits (CRILC) database system where the banks report their exposure of ₹5 crore and above which is used for monitoring purposes.

      As per the RBI’s current assessment, the banking sector remains resilient and stable. 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 (LEF) guidelines issued by the RBI.

      The RBI remains vigilant and continues to monitor the stability of the Indian banking sector.

      (Yogesh Dayal)     
      Chief General Manager

      Press Release: 2022-2023/1668


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