RBI confirms advisory panel for Srei
MUMBAI: The Reserve Bank of Indai on Monday said that it has retained the advisory committee of the two Srei companies that were admitted for insolvency proceedings. The central bank had proposed a three-member committee when it superseded the board of the two finance companies last week.
The three members are R Subramaniakumar (former MD & CEO of Indian Overseas Bank), T T Srinivasaraghavan (former MD of Sundaram Finance), and Farokh N Subedar (former CEO & company secretary, Tata Sons).
The three-member committee will advise the administrator in the operations of the SIFL and SEFL firms during the corporate insolvency resolution process.
