Adani case: Finance Minister assures investors, says- Banking sector is in good condition – Press Review

image source, ANI

Speaking for the first time on the Adani case, Finance Minister Nirmala Sitharaman has tried to assure investors. He has said that the banking sector is in good condition and the financial markets are working with the rules.

The English newspaper The Indian Express quoted the Finance Minister’s interview to a television channel as saying, “SBI and LIC have issued detailed statements. Their heads have themselves said that they have not given loans beyond the limit. They They were very clear that their debt was within limits.”

There is an atmosphere of fear among investors due to the continuous fall in the shares of Adani group companies. Regarding the panic among investors, Sitharaman said that the market will continue to climb up.

He said, “The market has come down slightly due to the immediate impact of the budget and other reasons. But, in the next few days the market will continue to go up because of the budget.”

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