 "RBI, Reserve Bank of India")
RBI supersedes boards of SREI companies, plans for insolvency proceedings
The Reserve Bank of India (RBI) on Monday superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance, and said they will be taken for insolvency proceedings "owing to governance concerns and defaults by the aforesaid companies in meeting their various payment obligations".
In a statement, RBI said it has appointed Rajneesh Sharma, ex-chief general manager of Bank of Baroda, as the administrator of the companies. Read more
Invesco asks NCLT to make 'mandatory order' directing Zee to call for EGM
Invesco Developing Markets Fund, which moved the
