Banking sector remains resilient amid Adani Group's stock rout, says RBI

'Central bank maintains constant vigil on sector, individual banks'

The Reserve Bank of India (RBI) on Friday said the banking sector remained resilient in terms of its assessment, and bank exposures to companies were well within norms. This came amid concern over lenders’ financial health due to the stock rout in the Adani group.

“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 (maintaining) financial stability,” the RBI said.

The banking regulator’s statement, however, did not mention the