"India remains as before absolutely well-governed, (with a) stable government and also well-regulated financial market and, as a result, investor confidence which existed before shall continue even now. Our regulators are normally very very stringent about certain governance practices. Therefore, one instance, however much talked about it may be, I would think, is not going to be indicative of how well Indian markets are governed," Sitharaman said in an interview to Network-18.
Sitharaman said both State Bank of India and Life Insurance Corporation had issued detailed statements explaining that they were not over-exposed to the Adani stocks.
"They have clearly said their exposure is well within the permitted limits and they are even now with valuations falling as well, sitting over profits," she said.
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