LIC, SBI’s exposure within permitted limits: Sitharaman on Adani issue

Union Finance Minister Nirmala Sitharaman on Friday responded to the Adani-Hindenburg issue in an interview with News18, citing the statements of the SBI and the LIC.

She also reiterated that their exposure to Adani Group stocks is well within permitted limits and that they are still profitable despite falling valuations.

Amid continued disruptions in both houses of Parliament over US-based research firm Hindenburg’s allegations against Adani group, Parliamentary Affairs Minister Pralhad Joshi on Friday said that the government has nothing to do with the matter and the opposition is raising it as it is bereft of issues.

Speaking to reporters in Parliament, Joshi, when asked about the government’s stand on the Adani group issue, said that the government has got nothing to do with the matter.

“Government has nothing to do with it (Adani group issue)… The opposition is disrupting the house as it has no other issues,” the Parliamentary Affairs minister said.