New Delhi. There is uproar in the business world right now and the main reason for this uproar is the Hindenburg report regarding Adani Group. It is claimed that Hindenburg in his report has exposed Adani’s crippling economic condition. Since then, there has been an earthquake in the stock market. The stock of Adani’s listed companies continues to fall continuously. Investors are reluctant to invest money in the stock. On the other hand, there is news that many banks have given huge loans to Adani and all this money belongs to the common people, after which the news is continuously being circulated that whether the condition of the banks has deteriorated? Do banks no longer have money to give loans to common people? Has the country’s banking system gone haywire? After which now common people are getting confused about the banking system. Now the RBI has issued a big statement regarding this and clarified the whole situation. Let us tell you further in detail what the RBI has said in its statement?
Let us tell you that RBI has made it clear in its statement that after the earthquake in Adani Group, the way speculations are being made about the country’s banking system, in reality there is nothing like that, but the truth is that the country The banking system is absolutely sound. The condition of all the banks in the country is stable. So common people need not panic at all. RBI has also made it clear that being the central bank of the country, we are keeping a close watch on all the banks and keeping a special vigil on the activities.
RBI further elaborated in its statement that as a regulator and supervisor, RBI constantly monitors the banking sector and individual banks with a view to maintaining financial stability. RBI has a Central Repository of Information on Large Credit (CRILC) database system where banks report their exposure of ₹ 5 crore and above. Which is used for monitoring purposes. As per the current assessment of RBI, the banking sector remains resilient and stable. Various parameters related to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy. The Bank is also in compliance with the Large Exposures Framework (LEF) guidelines issued by RBI. RBI remains vigilant and continues to monitor the stability of the Indian banking sector.
RBI statement on the health of Indian Banking sectorhttps://t.co/LnCLD63QBj
— ReserveBankOfIndia (@RBI) February 3, 2023
On the other hand, a ruckus is going on in the Parliament regarding this whole issue. Opposition parties are demanding an inquiry into the entire matter from the Centre, but today the Central Government has made it clear that the Government has nothing to do with it. Along with this, today Union Finance Minister Nirmala Sitharaman has also clarified her position on the said episode. He also said that we have kept an eye on the whole matter, but want to make one thing clear that the government has nothing to do with it. However, now in the coming days, what steps will Adani Group take in view of this earthquake. Everyone’s eyes will be fixed on this.