Seasoned banker with a plan: Meet Rajneesh Sharma, administrator, Srei

The important aspect of any lender is collections and repayment of dues. Sharma joined the bank as an advisor for the recovery. His experience in recovery will come in handy for the Srei group

A day after the Reserve Bank of India (RBI) superseded the boards of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), Rajneesh Sharma, who was appointed administrator, held a series of meetings with several officials of the troubled firms — both in the Salt Lake office and in the Vishwakarma Building at Topsia in Kolkata.
 
Officials who met Sharma — a veteran banker with almost four decades of experience — said it was evident the new administrator has a plan in mind on the transition path for both these indebted non-bank finance companies (NBFCs). The RBI