ANI
24 Jun 2022, 03:55 GMT+10
Mumbai (Maharashtra) [India], June 23 (ANI): The Reserve Bank of India (RBI) on Thursday appointed former State Bank of India official Venkat Nageswar Chalasani as a member in the advisory committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL).
Reserve Bank of India, vide its press release dated October 11, 2021, had constituted an Advisory Committee under Rule 5 (c) of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, to advise the Administrator in the operations of the financial service providers during the corporate insolvency resolution process.
Consequent upon resignation of R Subramaniakumar from the Advisory Committee with effect from June 22, 2022, it has been decided to appoint Venkat Nageswar Chalasani as a member of the Advisory Committee with immediate effect, RBI said in a statement.
The Advisory Committee will now comprise Venkat Nageswar Chalasani, former Deputy Managing Director, State Bank of India; T T Srinivasaraghavan, former Managing Director, Sundaram Finance Limited; and Farokh N Subedar, former Chief Operating Officer and Company Secretary, Tata Sons LimitedThe Advisory Committee shall advise the Administrator on the operations of the SIFL and SEFL during the corporate insolvency resolution process, the RBI said.
In October 2021, the RBI filed applications for initiating corporate insolvency resolution process against Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL). The RBI has filed the insolvency resolution process against SIFL and SEFL before the NCLT Kolkata. (ANI)
Get a daily dose of Iran Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iran Herald.
More InformationSYDNEY, NSW, Australia - Stocks in Asia skidded lower Friday with all the major indices recording solid losses."Capitulation is the ...
ISLAMABAD, Pakistan - Given the country's ongoing economic crisis and acute fuel shortage, the Pakistan government is considering purchasing oil ...
WASHINGTON, D.C.: Amidst the rise of "re-fracs" in the U.S. as part of the efforts to boost domestic oil production, ...
SYDNEY, NSW, Australia - Stocks in Asia traded sharply lower on Thursday, following on from major falls on Wall Street ...
BERLIN, Germany: A German Interior Ministry spokesperson has said that in a bid to relieve airports overwhelmed by staff shortages ...
PARIS, France: In a written statement made this week confirming a report from broadcaster RTL, France's energy ministry said the ...
WATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...
Tel Aviv [Israel], July 1 (ANI): Yair Lapid officially became the 14th Prime Minister of Israel at the stroke of ...
© Provided by Xinhua A deal on reviving the 2015 Iranian nuclear pact is possible if the U.S. "acts realistically," ...
ABU DHABI, 30th June, 2022 (WAM) -- President His Highness Sheikh Mohamed bin Zayed Al Nahyan awarded Bogdan Kolarov, Ambassador ...
ABU DHABI, 30th June, 2022 (WAM) -- President His Highness Sheikh Mohamed bin Zayed Al Nahyan granted Andreas Liebmann, Ambassador ...
Tehran [Iran], June 30 (ANI): The Iranian foreign minister described as "positive" the latest round of talks on the revival ...