The Reserve Bank on Monday superseded the board of Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL).The two boards were superseded owing to governance concerns and defaults by these companies in meeting their various .
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it will initiate bankruptcy proceedings against Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd, and superseded the non-banking financial companies' boards on governance concerns and defaults.
The Reserve Bank of India (RBI) on Monday superseded boards of Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL) due to governance concerns and defaults.
RBI flags loans by Srei to probable related parties newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.