Reserve Bank of India asks country's banks for details of exposure to Adani group, say sources

The Reserve Bank of India did not immediately respond to a request for comment. The sources were speaking to Reuters and declined to be named because they were not authorised to speak to the media. Shares in Adani group of companies plunged on Thursday after the tycoon Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, citing the need to insulate investors from potential losses.

from Banking/Finance-Industry-Economic Times https://ift.tt/oht7kHu