The 10 listed Adani group firms have faced a combined erosion of over Rs 8.5 lakh crore in just six trading sessions.
The finance minister also said that the RBI has already spoken out on the issue, referring to Friday's statement, which said the banking sector is resilient and stable.
The country’s largest lender has not given loans against shares to the Adani Group companies and SBI will not be impacted by the recent crash in the shares of Adani firms.
Sitharaman said in a television interview that government-owned financial institutions do not have overexposure in Adani group stocks.
The problem with India’s elite is they tend to extrapolate their opinions to the rest of the people without realising that the concerns of the common person are often quite different.
Stocks of Adani Group firms have taken a massive beating on the bourses after US-based short-seller Hindenburg Research made a litany of allegations in a report.
TotalEnergies SE said its exposure to Adani Group companies was USD 3.1 billion of capital employed at the end of December, a small fraction of the energy giant's globe-spanning interests.
Both Houses will meet on February 6 next.
It will make the changes to the Dow Jones sustainability indices, effective prior to the opening on February 7.
Singh said he won’t hesitate to invoke section 11 of the Electricity Act, if needed to supply disruption free electricity in peak of summer.
Since this Adani stock has nose-dived about 60% in last six sessions, LIC’s investment value here has reduced from Rs 25,500 crore as of January 24 to Rs 11,000 crore now.
Sitting in New York, how on Earth would Anderson be privy to the innermost working of a Byzantine company headquartered in Ahmedabad?
The rout in Adani group stocks continued to play havoc as benchmark indices gyrated sharply intra-day before recouping lost ground on buying in IT and banking stocks.
There has been selling pressure in banks' stocks since the Hindenberg Research's report released on January 24 as investors are concerned about the impact of the crisis on banks' books.
Further panic has seen big banks including Credit Suisse and Citigroup stop accepting Adani bonds as collateral for loans to private clients, according to Bloomberg News.
Hindenburg is back in the headlines after last week accusing Indian conglomerate Adani Group of "a brazen stock manipulation and accounting fraud scheme.
Several Opposition MPs have given suspension of Business notices to the respective Houses of Parliament on the issue. However, both Houses were adjourned soon after the Session began till 2 pm.
The rout in Adani group stocks has threatened the value of investments made by the Life Insurance Corporation (LIC) and public sector banks.
Tagore, the party's whip in Lok Sabha, said there is an emergency situation due to diminishing shares of the Adani group.
The announcement came a day after the company's FPO was subscribed fully on the last day of the offer on Tuesday.