"Regulators Are Always On Their Toes": Finance Minister On Adani Stock Crash
NDTV
Nirmala Sitharaman was replying to a question on the observations of the Supreme Court on the crisis.
Finance Minister Nirmala Sitharaman on Saturday said the country's regulators are very experienced and are seized of the matter relating to the Adani Group crisis.
The minister was replying to a question on the observations of the Supreme Court on public interest litigations (PILs) alleging exploitation of investors and "artificial crashing" of the Adani Group's stocks.
"I will not disclose here what the government will be saying in the court... India's regulators are very, very experienced, and they are experts in their domain. The regulators are seized of this matter, and they are on their toes as always, not just now," she told reporters after her customary post-Budget address to the Reserve Bank of India (RBI) board.
Concerned over protecting the interests of Indian investors, the Supreme Court on Friday favoured creating an expert panel to examine the Adani Group stock crash and sought views of the Centre and market regulator Securities and Exchange Board of India (SEBI).
