"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.
This story is from the February 04, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 04, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
India yet to pull the plug on its Covid vaccination drive
Experts feel paid vaccine shots should continue to be available for elderly and comorbid
APEX CAPEX
How is govt capital expenditure driving India's growth? Will RBI's suggested provisioning affect it?
What ails public sector banks?
Two books written by public sector bankers flag symptoms that range from seemingly small episodes to serious, reputation- ruining actions
Eyes on Earth: Data helps farming and industry
Tremendous strides are being made in Earth observation (EO) and agriculture technology (agritech) as the world braces for the impact of climate change.
Stuck in neutral? TaMo's upsides may sputter on demand worries
STILL REVS UP FOR ROAD AHEAD: Automaker optimistic despite current roadblocks, banking on economic growth and government support to accelerate progress
New economy, old habits
The world is fast-tracking the transition to a green economy.
Lost a shock absorber
Exchange-rate flexibility is a shock absorber.
China credit shrinks for first time
Credit contracts as government bonds record net repayment
US aims to stay ahead of China in using AI to fly fighter jets
Two Air Force fighter jets recently squared off in a dogfight in California.
India may export 18 mt of rice in 2024-25: USDA
India will remain a leading player in the world rice market despite restrictions, according to a recent projection by the United States Department of Agriculture (USDA).