India Banking Regulator Assures Investors Wary on Adani Exposure
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India’s central bank on Friday said the country’s banking sector was “resilient and stable” as it stepped in to assuage investors rattled about lenders’ exposure to the embattled Adani Group.
The Reserve Bank of India, which is also the banking sector regulator, said banks were in compliance with rules, including loan exposure to large companies. It didn’t name Adani Group.