RBI appoints V Ramachandra as member of advisory committee of Srei NBFCs

RBI appoints V Ramachandra as member of advisory committee of Srei NBFCs

Daily Current Affairs   /   RBI appoints V Ramachandra as member of advisory committee of Srei NBFCs

Change Language English Hindi

Category : Appointment/Resignation Published on: February 04 2023

Share on facebook
  • Reserve Bank of India has appointed V Ramachandra as a member of the Advisory Committee of the two Srei Group companies undergoing insolvency proceedings — Srei Infrastructure Finance and Srei Equipment Finance.
  • The RBI created a three-member advisory council to assist the administrator of the two crisis-ridden enterprises after overriding the boards of SIFL and SEFL in October 2021.
  • Consequent upon the resignation of Shri Farokh N Subedar from the Advisory Committee with effect from January 31, 2023, it has been decided to appoint Shri V Ramachandra as a member of the Advisory Committee with immediate effect.
  • Venkat Nageshwar Chalasani, former deputy managing director of State Bank of India, and T T Srinivasaraghavan, former managing director of Sundaram Finance Limited, are the committee’s other two members.
  • Srei Group owes over Rs 18,000 crore to approximately 15 lenders, including Axis Bank, UCO Bank, and State Bank of India, in addition to nearly Rs 10,000 crore in external commercial borrowings and bonds.
Recent Post's

  • WTO’s 14th Ministerial Conference began on 26 March 2026 in Yaounde, Cameroon, with focus on reforms and fisheries subsidies.

    Read More....

  • India hosted the first BRICS Youth Coordination Meeting on 25 March 2026 under its 2026 Chairship in virtual format.

    Read More....

  • 9th PharmaMed 2026 conference will be held on 27 March 2026 in New Delhi focusing on healthcare equity and value-driven pharma growth.

    Read More....

  • The IOC has banned transgender women and most DSD athletes from competing in female categories at the Olympics from 2028, introducing a mandatory one-time SRY gene test to ensure fairness.

    Read More....

  • World Theatre Day 2026 is being celebrated on 27 March with the theme ‘Theatre and a Culture of Peace’.

    Read More....

  • Renowned orangutan expert Birute Galdikas passed away at 79 on 25 March 2026 in Los Angeles.

    Read More....

  • The Union Cabinet approved continuation of IVFRT Scheme till 2031 to modernise India’s immigration and visa processes.

    Read More....

  • Telangana government has started relocation of tribal families from Amrabad Tiger Reserve for wildlife conservation and development.

    Read More....

  • Mission Saksham Anganwadi and Poshan 2.0 is strengthening nutrition delivery through upgraded Anganwadi centres and digital monitoring.

    Read More....

  • Parliamentary panel noted significant improvement in fund utilisation by the Department of Biotechnology in 2025-26.

    Read More....