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

Indian-American musician and entrepreneur Chandrika Tandon has won a Grammy Award for her album "Shanti - A Journey of Peace".
Read More....
Shri H Shankar has taken charge as the Managing Director of Chennai Petroleum Corporation Ltd.
Read More....
Prime Minister launches Dhan-Dhaanya Krishi Yojana to enhance agricultural productivity in 100 low crop productivity districts.
Read More....
Canada imposes a 25% tariff on U.S. imports in retaliation to Trump's tariffs.
Read More....
Benjamin Netanyahu appoints Major General Eyal Zamir as the new head of the Israeli Defense Forces.
Read More....
India and Oman agree to amend the Double Taxation Avoidance Agreement to enhance bilateral cooperation.
Read More....
New Zealand's Mount Taranaki has been granted legal personhood, recognizing it as a living entity with rights and responsibilities.
Read More....
The Government of India has appointed Abhinav Gupta as the Additional Director General of the Directorate General of Foreign Trade (DGFT).
Read More....
Former Chief Election Commissioner Navin Chawla Dies At 79.
Read More....
All India Radio and the Ministry of Culture launched the classical music series 'Har Kanth Mein Bharat' to celebrate India's rich musical heritage.
Read More....