Adani Row: "LIC, State Bank Exposure Tiny," Finance Secretary Tells NDTV

New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.

New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from the Adani Group's stock market plunge is limited, the top Finance Ministry official told NDTV on Friday, in one of the first government comments on the matter. "If you are referring to one of the companies that is currently in news, we do not comment on the fortunes of individual companies. They rise and fall on their own strength and weakness. I will respond to SBI and LIC," Finance Secretary TV Somanathan said in an exclusive interview. "SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor in the banks or in the insurance policies. It is tiny. The fate of one company will not affect any of these institutions significantly and therefore there is absolutely no cause for concern for either depositors or policyholders or investors in any of the nationalised banks or insurance companies," he said.New Delhi: The risk to the state-run Life Insurance Corporati