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RBI supersedes boards of Srei firms, to start bankruptcy proceedings

Reserve Bank of India said on Monday it will initiate bankruptcy proceedings against Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd, and superseded the non-banking financial companies' boards on governance concerns and defaults.

RBI supersedes boards of Srei firms, to start bankruptcy proceedings

The Reserve Bank of India (RBI) also appointed Rajneesh Sharma, former chief general manager of Bank of Baroda, as the administrator of Srei firms.

Indian central bank supersedes boards of Srei firms, to start bankruptcy proceedings

BENGALURU -India s central bank said on Monday it will initiate bankruptcy proceedings against Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd, and superseded the non-banking financial.

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