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

India’s maternal mortality ratio drops to 97 per 1,00,000 live births as institutional deliveries rise to 89%.
Read More....
NTH and India Post signed an MoU to enable nationwide doorstep sample collection and faster, reliable testing through NTH laboratories.
Read More....
MYAS launched a Comprehensive Internship Policy offering 452 annual internships to build a skilled, future-ready sports workforce in India.
Read More....
RBI’s Handbook of Statistics 2024–25 highlights that India’s export growth is increasingly concentrated in a few developed coastal and industrial States, raising concerns over regional imbalance.
Read More....
Jnanpith Award-winning Hindi writer Vinod Kumar Shukla, the first recipient from Chhattisgarh, passed away at the age of 88 in December 2025.
Read More....
IIT Delhi has developed AILA, India’s first autonomous agentic AI lab assistant capable of independently conducting real-world scientific experiments.
Read More....
India witnesses record growth in IPR filings, led by trademarks and patents, reflecting a shift towards self-reliance in innovation.
Read More....
DRDO successfully tests Akash-NG missile, enhancing India’s air defence capabilities.
Read More....
Union Minister Manohar Lal inaugurated the second 250 MW unit of the Subansiri Lower Hydroelectric Project, boosting India’s clean energy capacity and supporting North-East growth.
Read More....
Thanjavur painting of Lord Ram, a classical art form from Tamil Nadu with GI tag, was transported from Bengaluru to Ayodhya, showcasing India’s rich cultural heritage.
Read More....