The 3-member advisory committee is responsible for advising the administrator on the operations of the SIFL and SEFL during the corporate insolvency resolution process.
Get latest articles and stories on Latest News at LatestLY. The Reserve Bank on Thursday appointed Venkat Nageswar Chalasani, former Deputy Managing Director of SBI, as a member of the Advisory Committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL). Latest News | Former SBI Official Appointed Member of Advisory Committee of SIFL & SEFL.
The Reserve Bank of India (RBI)-appointed administrator at Srei Equipment Finance Ltd. has found fraudulent transactions worth more than Rs3,000 crore conducted over financial year (FY) 2019-20 and FY2020-21.