RBI’s decision to supersede boards of Srei group cos will prevent domino effect: Experts – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rbis-decision-to-supersede-boards-of-seri-group-cos-will-prevent-domino-effect-experts/articleshow/86910403.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The National Company Law Tribunal (NCLT) on Friday admitted the insolvency pleas moved by banking sector regulator RBI against the two Srei Group

SREI group’s financial health withered well before pandemic, says RBI order – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/srei-financial-health-group-withered-well-before-pandemic-says-rbi-order/articleshow/86843251.cmsSynopsis The regulator was quite annoyed with repeated violations of prudential norms, including income recognition, asset classification and provisioning (IRACP), ever-greening of loans and

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