The Reserve Bank of India (RBI) has sought details about lenders' exposures to the Adani Group, banking sources said, a day after the conglomerate withdrew the Rs 20,000-crore follow-on public offer (FPO) of its flagship firm Adani Enterprises amid the steep fall in its stock prices.
On Wednesday, Swiss lender Credit Suisse stopped accepting bonds by Adani Group companies as collateral for margin lending.
The RBI gets access to banks' large corporate borrowers on a regular basis as part of the central repository of information on large credits (CRILC) database, the banking sources said.
Meanwhile, a united Opposition, led by the Congress, raised the issue as soon as the Houses commenced for the day with their MPs giving adjournment notices for a discussion on the issue.
The Chair in both the Upper and Lower House rejected the notices, prompting Opposition leaders to question the presiding officers on procedures and asking what could be more serious than demanding a discussion involving hard-earned money of Indians in LIC and SBI invested in the Adani Group stocks.
Lok Sabha Speaker Om Birla denied the request for discussion, asking members to "not to make unsubstantiated claims" while Rajya Sabha chairperson, Vice-President Jagdeep Dhankhar, rejected notices, saying they were "not in order".
Adani Group stocks have taken a beating on the bourses after the US short-seller Hindenburg Research made a litany of allegations last week in its report, including fraudulent transactions and share price manipulation at the Gautam Adani-led Group, which has denied the charges.
The market losses of the Adani Group have risen to nearly $103 billion (about Rs 8.5 lakh crore).
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