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SREI LOAN ACCOUNT
ED conducts searches at Srei premises at multiple locations in KolkataThe raids by about 50-60 ED officer are involved in the raids, which began at around 8.30 am with a large number of central forces on guard...- NARCL interested in taking over loan accounts of debt-ridden Srei: OfficialThe development comes at the time when the resolution is at an advanced stage, and financial bids are expected to be submitted latest by Au...
- Future, Srei Cos among 17 accounts in NARCL's buy listThe largest account on the list is Srei Equipment Finance with an outstanding loan of Rs 22,485 crore. The list also includes Srei Infrastr...
- Bank of India scouting for buyers for ₹3,600 crore distressed loansThe lender has asked ARCs to submit an expression of interest with an indicative price for the loan accounts they would like to acquire, sa...
- Srei lenders extend deadline to submit resolution plan to June 7The administrator has registered Rs 32,000 crore of claims from financial institutions, according to Srie's website. The extension in deadl...
- RBI nudges twin Srei lenders banks to classify account as fraudIf the account is classified as fraud, it will prevent Kanoria from regaining control over the companies. Under 12A of the Insolvency and B...
- Delhi HC stays Punjab & Sind Bank from taking further action on SreiIn a relief to Srei Group and its founder Hemant Kanoria, the Delhi High Court has ordered Punjab & Sind Bank to restrain itself from takin...
- Punjab & Sind Bank declares Srei loan accounts as fraudsWhile the Kanorias had moved court against the KPMG report, the latest move by Punjab & Sind Bank may prompt other banks to follow suit. Th...
- Srei founder urges RBI governor to advise banks not to act on KPMG reportEven though Kanoria had moved the court challenging the report, he has appealed to Reserve Bank of India (RBI) governor Shaktikanta Das to ...
- Bombay HC dismisses Srei Group petition against RBI bankruptcy moveA division bench of Justices Ujjal Bhuyan and Madhav Jamdar, after hearing both sides dismissed the petition in an oral order and observed ...
- Srei promoter challenges RBI action against group firms in Bombay High CourtThe banking regulator had on Monday superseded the boards of directors of Kolkata-based Srei Infrastructure Finance and Srei Equipment Fina...
- Srei Group Promoters move Bombay HC against RBI insolvency actionSrei group promoters are seeking stay on any insolvency proceedings at group companies Srei Infrastructure Finance Ltd and Srei Equipment F...
- Lenders approach RBI after ₹30,000 crore Srei loans turn NPAIn response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had aff...
- Srei Equipment Finance gets EoI from Cerberus GlobalEarlier this month, SEFL received EoIs for capital infusion of about $250 million (about Rs 1,864.35 crore) from US-based multi-strategy in...
- Lenders look to recast Rs 30,000 crore SREI loans, hire KPMGA core committee of banks, including State Bank of India, Indian Bank, Union Bank of India and Uco Bank, is concerned that a part of the to...
- RBI directs audit of two Srei companies to check possible links with IL&FSThe audit, directed by the Reserve Bank of India (RBI), will track the end use of money lent by Srei firms against ‘letter of awareness’ is...
- Why HNI investors are looking to flee Srei Group-issued bondsBond prices plunged pushing yields up. Since November 23, the first working day after the Reserve Bank of India (RBI) ordered a special aud...
- As special audit of Srei Infra Finance begins, it's déjà vu for banks and fixed income marketThe NBFC sector has been going through doldrums following the defaults by some big names like IL&FS and DHFL making investors and lenders u...
- CARE Ratings downgraded Srei's bank loans and bondsCARE Ratings has downgraded Srei Infrastructure Finance's and Srei Equipment Finance's bonds and bank facilities due to deterioration of as...
- Medium-sized finance cos look at retailing NCDsMedium-sized finance companies are looking at retailing non-convertible debentures (NCDs) for mobilising resources, primarily to enhance th...
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