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.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Subscribe To Insights
Key stories on business-standard.com are available to premium subscribers only.Already a BS Premium subscriber? Log in NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.