India cenbank asks local banks for details of Adani exposure
Summary by Ground NewsIndia's central bank has asked local banks for details of their exposure to the Adani group of companies, government and banking sources said. The Reserve Bank of India (RBI) did not immediately respond to a request for comment. Shares in the conglomerate, led by tycoon Gautam Adani, shelved a $2.5 billion share sale.
Published 2 months ago
RBI cracks whip on Indian Banks, seeks exposure details to Adani group, BFSI News, ET BFSI
Post the Hindenburg report, Adani group has been facing a tough time with its fully-subscribed FPO getting cancelled, global lenders refusing to accept Adani’s assets as collateral, and its stocks hitting lower circuit, thereby pushing Gautam Adani out of the Billionnaire’s list. Here’s what RBI said on development:
2 months ago·Mumbai, IndiaRead Full Article
India central bank asks local banks for details of exposure to Adani group: Report
NEW DELHI: India's central bank has asked local banks for details of their exposure to the Adani group of companies, government and banking sources said on Thursday (Feb 2). India's ce
2 months ago·SingaporeRead Full Article
RBI asks Indian banks for details of exposure to Adani Group
Shares of Adani Group companies continued their downward spiral on the stock market on Thursday, even as the conglomerate’s billionaire owner Gautam Adani released a video statement to calm investors.
2 months ago·IndiaRead Full Article
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