Amid media reports expressing concern about the exposure of Indian banks to the Adani Group, the RBI on Friday said that the banking sector remains resilient and stable as per its current assessment.
In a statement, the RBI stated that as the regulator and supervisor it keeps a constant vigil on the banking sector and on individual banks to maintain financial stability.
“Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy and banks are also in compliance with the Large Exposure Framework guidelines issued by the RBI,” the central bank added.