The exposure of the State Bank of India and the Life Insurance Corporation of India in any company is far below the level where it should be a concern for investors, Finance Secretary T.V. Somanathan told NDTV on Friday.

Adani Group companies' market value has move than halved to less than $100 billion after a critical report last week by a U.S. short seller.

(Reporting by Shivam Patel in New Delhi. Editing by Jane Merriman)