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Adani in trouble Amid concerns over banks’ exposure to conglomerates, the Reserve Bank of India (RBI) on Friday said India’s banking sector is strong and stable. The central bank also said that it is constantly monitoring the lenders. In a statement, the RBI said it continues to monitor the banking sector, taking note of media reports raising concerns about exposure of Indian banks to a ‘business group’. However, the RBI did not name the Adani group.
Nothing to worry about in the banking sector
The RBI said that as per the current assessment “the banking sector remains resilient and stable”. Various parameters related to capital adequacy, asset quality, liquidity, provisioning spread and profitability are in good shape. constantly monitors.
RBI is always alert
RBI has a Central Repository of Information on Large Loans (CRILC) database system, where banks report their loans of Rs 5 crore and above. This information is used for monitoring. ”The statement said that the central bank remains vigilant and constantly monitors the stability of the Indian banking sector. The statement further said that the banks are complying with the guidelines on the Large Loan Framework (LEF).
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