Earlier on Friday, the Congress and 16 opposition parties demanded a joint parliamentary committee (JPC) or Supreme Court-monitored probe into the Hindunberg report against the Adani Group, alleging a scam.
A report by a US-based Hindenburg Research surfaced on January 24, claiming that the Adani Group had weak business fundamentals, and was involved in stock manipulation and accounting fraud, among others.
Terming the Adani Group issue as 'Storm in the Tea Cup', Union Finance Secretary T V Somanathan on Saturday said that fluctuations like this comes and goes.
In a statement shared with exchanges, the lender wrote, "We extend credit, basis comfort on cash flow, security, and repayment capability of obligors as per the Bank's credit assessment framework. We remain comfortable with our exposure to Adani Group basis the same."
SEBI said it is committed to ensuring market integrity and that the markets continue to have the appropriate structural strength to function in an uninterrupted, transparent and efficient manner
Speaking after a post-Budget 2023-24 conference in Mumbai on Saturday, while mentioning the FPO of the group, she said, "This is not the first time that some FPO (follow-on public offering) is taken back. How many times that has affected the image of the country?"
Investments by TotalEnergies in Adani Group entities were undertaken in full compliance with applicable Indian laws and with its own internal governance processes.
Sitharaman said India remains a well-governed, stable government and also very well-regulated financial market and expressed confidence that the investor confidence which existed before shall continue.
This comment by the SBI chief comes almost a week after a report by a US-based Hindenburg Research, which claimed the Adani Group of having weak business fundamentals, allegations of stock manipulation and accounting fraud, among others
Proceedings of Lok Sabha and Rajya Sabha were adjourned on Friday due to opposition parties reiterating their demand for a joint parliamentary committee probe into the tanking of Adani Group company shares that have led to a stock market rout. The Parliament was adjourned in a similar man