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Srei to merge all its lending biz in a bid to become a universal bank

Srei Infra Finance will remain holding company for lending entity Srei Equipment Finance, which will now only offer fee-based services

Viom deal to help Srei Infra's metrics

In a bid to become a universal bank, Srei has decided to consolidate all its lending business into one vertical --- Srei Equipment Finance.   According to a statement by Srei, the proposed step, apart from cost efficiency, will create room for the lending entity, Srei Equipment, to attract strategic investors and also prepare the company for conversion into a bank, as and when the Reserve Bank of India (RBI) permits. Srei Infrastructure Finance will remain the holding company for Srei Equipment Finance, which will now engage only in fee-based business activities, ...