RBI weighs options for oversight of two Srei group companies
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Synopsis
The Reserve Bank of India (RBI) is understood to be weighing various options including board-level monitoring of the two companies, Srei Equipment Finance and Srei Infrastructure Finance, through either induction of new directors or appointment of an external agency.
Agencies
The suggestions were given in the course of a recent meeting between the regulator and the firm it engaged to conduct a special audit of the Srei companies.
Srei, one of the country’s largest non-banking finance companies, is hurtling towards a tricky terrain.
The Reserve Bank of India (RBI) is understood to be weighing various options including board-level monitoring of the two companies, Srei Equipment Finance and