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RBI seeks details of NBFCs' total credit to Adani Group of companies

Move the first after the introduction of scale-based supervision for NBFCs on October 1, 2022

A security personal outside Reserve Bank of India (RBI) headquarters, in Mumbai | PTI Photo
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A security personal outside Reserve Bank of India (RBI) headquarters, in Mumbai | PTI Photo

Raghu Mohan New Delhi
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

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First Published: Feb 28 2023 | 11:06 PM IST

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