The action has been taken against the firm for failure to comply with a specific direction issued by the RBI with respect to its statutory audit of a Systemically Important Non-Banking Financial Company (NBFC), the central bank said in a statement.
After superseding the boards of SIFL and SEFL last Monday, the Reserve Bank had appointed a three-member advisory committee to assist Rajneesh Sharma, administrator of the two crisis-ridden firms.
Mumbai, Aug 25: Infrastructure finance company Srei today said it would raise a USD 1 billion infrastructure equity fund from overseas to invest in road, power and ports projects.“We will be raising USD 1 billion
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