Indian markets very well regulated: Sitharaman amid Adani row
Finance minister Nirmala Sitharaman on Friday said she did not expect the ongoing controversy around Adani Group to affect investor confidence as India's banking system is sound and the financial markets are "well regulated," according to media reports. Shares of Adani Group companies have nosedived in the last seven sessions, after an adverse report by Hidnenburg Reaearch which alleged accounting manipulations by the group. Sitharaman said that the State Bank of India (SBI) and Life Insurance Corporation (LI...