Adani Enterp. 2496.45↓-37.60(-1.48%)
Adani Ports 734.05↓-3.45(-0.47%)
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Asian Paints 3144.40↑7.00(0.22%)
Axis Bank 937.45↑7.65(0.82%)
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Coal India 244.30↓-1.80(-0.73%)
Divi's Lab. 3458.00↓-19.85(-0.57%)
Dr Reddy's Labs 4518.90↓-37.35(-0.82%)
Eicher Motors 3678.35↓-33.10(-0.89%)
Grasim Inds 1725.15↑11.85(0.69%)
H D F C 2693.35↑2.80(0.10%)
HCL Technologies 1135.85↑9.65(0.86%)
HDFC Bank 1636.75↑1.25(0.08%)
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Hero Motocorp 2779.15↑2.25(0.08%)
Hind. Unilever 2656.55↑6.25(0.24%)
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IndusInd Bank 1293.25↑8.30(0.65%)
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ITC 449.90↑0.80(0.18%)
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Nestle India 21574.45↓-155.00(-0.71%)
NTPC 176.80↑0.50(0.28%)
O N G C 158.85↓-0.15(-0.09%)
Power Grid Corpn 235.10↑0.60(0.26%)
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SBI Life Insuran 1215.90↓-2.20(-0.18%)
St Bk of India 592.80↓-2.20(-0.37%)
Sun Pharma.Inds. 959.60↓-8.85(-0.91%)
Tata Consumer 790.90↓-3.35(-0.42%)
Tata Motors 518.80↓-2.65(-0.51%)
Tata Steel 107.05↓-1.40(-1.29%)
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Titan Company 2802.50↓-9.75(-0.35%)
UltraTech Cem. 7901.95↑61.40(0.78%)
UPL 689.05↓-0.95(-0.14%)
Wipro 402.50↑2.70(0.68%)

RBI seeks details of NBFCs' total credit to Adani Group of companies

Move the first after the introduction of scale-based supervision for NBFCs on October 1, 2022

Raghu Mohan New Delhi

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A security personal outside Reserve Bank of India (RBI) headquarters, in Mumbai | PTI Photo

3 min read Last Updated : Feb 28 2023 | 11:06 PM IST

The Reserve Bank of India (RBI) on Tuesday sought details of the total credit facilities sanctioned and dispensed by shadow banks to Adani Group of companies.

The granular data sought is on non-banking financial companies’ (NBFCs’) total sanctioned limits and outstanding amount to the group for the third quarter of 2022-23 (FY23), the total contractual inflows coming up by the fourth quarter, and total contractual outflows.

Read together, the RBI’s move — the first after the introduction of scale-based supervision for NBFCs on October 1, 2022, and the first focused on a large group — is a hygiene measure to ensure there are no liquidity worries for NBFCs due to their exposure to Adani Group.