<p>India's central bank has asked local banks for details of their exposure to the Adani group of companies, government and banking sources said on Thursday.</p>.<p>The Reserve Bank of India (RBI) did not immediately respond to a request for comment.</p>.<p>The sources declined to be identified because they were not authorised to speak to the media.</p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/opinion/in-hindenburgs-masterclass-adani-flunks-1187048.html">In Hindenburg's masterclass, Adani flunks</a></strong></p>.<p>Shares in Adani group of companies plunged on Thursday after the conglomerate, led by tycoon Gautam Adani, shelved a $2.5 billion share sale amid a turbulent market, citing the need to insulate investors from potential losses.</p>.<p>Information being sought by the RBI includes details of collateral being used to back loans and any indirect exposure banks may have, one of the sources said.</p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/business/business-news/adani-enterprises-calls-off-fully-subscribed-fpo-to-return-money-to-investors-1186958.html">Adani calls off FPO, to return money to investors</a></strong></p>.<p>The Indian banking sector's direct exposure to the Adani group was just 0.6 per cent, Societe Generale said in a report on Wednesday. It said markets are "overpricing" the risk to Indian lenders of their exposure to the Adani Group and that a selloff in banking shares seemed overdone.</p>.<p>India's Nifty Bank index has lost 5.4 per cent since the New York-based short-seller released its report. The broader Nifty index (.NSEI) shed up to 2.8 per cent over the period.</p>
<p>India's central bank has asked local banks for details of their exposure to the Adani group of companies, government and banking sources said on Thursday.</p>.<p>The Reserve Bank of India (RBI) did not immediately respond to a request for comment.</p>.<p>The sources declined to be identified because they were not authorised to speak to the media.</p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/opinion/in-hindenburgs-masterclass-adani-flunks-1187048.html">In Hindenburg's masterclass, Adani flunks</a></strong></p>.<p>Shares in Adani group of companies plunged on Thursday after the conglomerate, led by tycoon Gautam Adani, shelved a $2.5 billion share sale amid a turbulent market, citing the need to insulate investors from potential losses.</p>.<p>Information being sought by the RBI includes details of collateral being used to back loans and any indirect exposure banks may have, one of the sources said.</p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/business/business-news/adani-enterprises-calls-off-fully-subscribed-fpo-to-return-money-to-investors-1186958.html">Adani calls off FPO, to return money to investors</a></strong></p>.<p>The Indian banking sector's direct exposure to the Adani group was just 0.6 per cent, Societe Generale said in a report on Wednesday. It said markets are "overpricing" the risk to Indian lenders of their exposure to the Adani Group and that a selloff in banking shares seemed overdone.</p>.<p>India's Nifty Bank index has lost 5.4 per cent since the New York-based short-seller released its report. The broader Nifty index (.NSEI) shed up to 2.8 per cent over the period.</p>