RBI seeks details from banks on Adani group

New Delhi: The Reserve Bank of India (RBI) has sought details from banks on loans given to the Adani Group and these pledged securities. The country’s central bank’s demand for these details comes just a day after the Adani Group announced the cancellation of the FPO issued by its flagship firm Adani Enterprises and returning investors’ money.

Shares of adani group companies fell after a report by American research firm Hindenburg. On Wednesday, the Swiss bank had barred adani group companies from accepting bonds to be given as collateral in lieu of loans.