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Srei's great leap back underlines high-risk nature of NBFC business

In the past three decades, the Kanorias have weathered many a crisis, including the NBFC crisis of the 1990s and the global financial crisis in 2008-09

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Srei | Hemant Kanoria | Srei group

Ishita Ayan Dutt & Abhijit Lele  |  Kolkata/Mumbai 



SREI
Banking sources said the entire Rs 30,000 crore has turned bad loan.

promoter sees similarities bet­ween his predicament and the apocryphal story of King Porus after he lost the fam­ous Battle of Hydaspes to Alex­ander the Great. Asked how he wished to be treated, Porus ap­parently replied, “Treat me as a king would treat another king.”

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First Published: Fri, October 08 2021. 06:03 IST

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