Moody's Investors Service has said banks' exposures to Adani Group are not large enough to affect their credit quality materially but it has cautioned that the exposure may increase in case the conglomerate becomes more reliant on bank loans.
A plea has been moved in the Supreme Court seeking to issue a gag order restraining media from releasing any statement against the listed companies including the Adani group of companies unless pre-verified by the SEBI.
Rajya Sabha has been adjourned till 2 pm on Tuesday, after the Opposition MPs walked up to the 'Well of the House' demanding PM Modi to respond on the Adani issue.
The concerned report is from US-based Hindenburg Research that surfaced on January 24 and claimed that the Adani Group had weak business fundamentals, and was involved in stock manipulation and accounting fraud, among others.
The Congress MP demanded a discussion on "the issue of investment by LIC, Public Sector Banks and financial institutions in companies losing market value, endangering the hard-earned savings of crores of Indians."
Congress General Secretary KC Venugopal, while taking to Twitter hit out at the Central government, saying that it cannot remain silent over the issue.
Senior Congress leader and Rajya Sabha MP Randeep Singh Surjewala on Monday attacked the Centre over the Hindenburg-Adani row, questioning the government's 'loud silence' on the issue.