In view of the report of the American financial research company Hindenburg Research, concerns are being expressed in various sections regarding the loans given by the banks to Adani group companies. After the report, there has been a huge fall in the shares of the companies of the group. In response to a question related to the Adani group, Shaktikanta Das said that RBI has made its assessment and in today’s time, the size of Indian banks, their capacity is very strong.
RBI Governor on Adani Group
After Hindenburg’s Hindenburg report, the statement of Reserve Bank of India (RBI) has also come to the fore today regarding the Adani Group which has been battling with the ups and downs in the market for the last two weeks. Reserve Bank of India (RBI) Governor Shaktikanta Das today said that banks like State Bank of India (SBI) and National Bank of India (PNB) are so big and strong that they will not be affected by such cases.
Appraisal is done before lending
The RBI governor was asked whether in the current situation, RBI would issue any guidelines to domestic banks regarding loans given to Adani group companies. After the Monetary Policy Meeting (MPC), Das said that banks do a thorough evaluation of the company while giving loans. Also, the banks look at the liquidity position for the infrastructure projects of the company concerned. Das also made it clear that there is nothing to do with the market capitalization of the companies in the matter of debt.
RBI Deputy Governor MK Jain said that the loan given by domestic banks to Adani Group is not very much. Debt against equity is very low. Das said that the RBI has taken several steps in the last three-four years to strengthen the banks. Guidelines have been issued from time to time regarding audit and risk management. It is noteworthy that State Bank of India has given a loan of Rs 23000 crore to the Adani group and Punjab National Bank has given a loan of Rs 7000 crore to the Adani group.
