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Srei
HC order on bid to declare accounts as fraud: Karnataka Bank restrained from action against Srei
Granting an interim relief to Srei founder Hemant Kanoria, the Delhi High Court has restrained private sector lender Karnataka Bank, which has reported frauds in the credit facilities extended to Srei Equipment Finance and investment made…
RBI nudges twin Srei lenders banks to classify account as fraud
The Reserve Bank of India is nudging the lenders to the twin Srei companies to classify both loan accounts to the Kolkata-based infrastructure financier as fraud, three people aware of the matter told ET. Financial creditors have claims of…