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 New York Statesman 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 New York Statesman.
More InformationWATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...
ISTANBUL, Turkey: Turkish police detained dozens of people after local authorities banned Istanbul's annual Pride parade from going ahead this ...
PARIS, France: Amidst shortages and soaring prices caused by Russia's invasion of Ukraine and subsequent supply cuts, the heads of ...
WASHINGTON D.C.: In the latest in a series of sanctions aimed at further isolating Russia economically over its invasion of ...
MAGWAY, Myanmar - At least eight resistance fighters were killed on Wednesday when junta troops intercepted a truck they were ...
SHANGHAI, China: As Shanghai reports no new cases of Covid for the first time in two months, Shanghai's top communist ...