The Reserve Bank of India (RBI) on Thursday appointed Venkat Nageswar Chalasani as a member of the advisory committee of insolvent Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL) with immediate effect. Chalasani, former deputy managing director, State Bank of India, has been appointed as a member of the committee after R Subramaniakumar resigned. […]
Granting an interim relief to Srei founder Hemant Kanoria, the Delhi High Court has restrained private sector lender Karnataka Bank, which has reported frauds in the credit facilities extended to Srei Equipment Finance and investment made in debentures issued by Srei Infrastructure Finance, from taking any further steps or actions on the basis of declaring […]