One of the people familiar with the matter said to take preventive steps to prevent a build-up of stress that would be transmitted to banks’ balance sheets in the future. After the Hindenburg Report, the RBI stated it will keep a close watch on the top 20 conglomerates.
The Reserve Bank of India (RBI) is keeping a close watch on the top 20 business houses that have the largest borrowings from banks to identify risks in advance, said people with knowledge of the matter.
This increased vigi...
