New Delhi, February 4
Union Finance Minister Nirmala Sitharaman and the Reserve Bank of India have assured that the country’s stock markets and the banking system were well-regulated and resilient following concerns over the unabated crash in stocks of Adani Group’s companies.
One instance, however much talked about globally, I would think is not going to be indicative of how well Indian financial markets have been governed,” Sitharaman said, referring to statements by government financial institutions about their limited exposure to the Adani Group. “I think the investor confidence which existed before shall continue even now…. The financial markets are well-governed and in prime condition,” she said in a TV interview.