Page 3 - Srei Infrastructure Finance

RBI to conduct special audit of Srei Infrastructure Finance, subsidiary

In a notification to the exchanges, the lender said, RBI has appointed an auditor to conduct a special audit in exercise of its powers under Section 45 MA (3) of the RBI Act, 1934

Srei reports 46% decline in net profit at Rs 23 cr for June quarter

The company's net profit stood at Rs 42.67 crore during the same quarter a year ago

Srei Infrastructure to exit infra financing business in next 3 years

Srei Infra has reduced workforce by 800 between Sep 2018 and Sep 2019

Srei's growth slowing down over weak market sentiment: Group chairman

The share of infrastructure project finance is expected to further come down to 10-15 per cent in the coming years, he said

Rating for Srei Infra Finance downgraded for debentures from AA to A+

SIFL is struggling under decreasing asset base, weak asset quality due to weak credit profile of the portfolio

Srei bets on co-lending for equipment finance with RBI norms in place

Under the guidelines, NBFCs need to take a minimum 20% of the credit risk by way of direct exposure, with the balance being taken by banks

GST boost: Srei looks to give new lease of life to its leasing business

The company is targeting the wagons' business from the Railways, which recently announced that it will procure a record number of wagons

SREI Infrastructure Finance to bid for Electrosteel Steels

Apart from SREI, Tata Steel, Edelweiss Asset Restructuring Company and Piramal Group are some of the other suitors for the stressed company, according to reports

Srei Infrastructure Finance eyes its debtor Electrosteel Steels

Kolkata-based non-banking finance company (NBFC), Srei, has submitted an expression of interest (EOI) to acquire Electrosteel Steels, currently undergoing the insolvency process under the Insolvency and Bankruptcy Code, as recommended by the Reserve Bank of India (RBI)Srei is one of the around six companies - the others being Tata Steel, Mesco Steel, Edelweiss, Avalokiteshvar Valinv Limited and Electrosteel Castings - that have expressed interest in the steel firm. A Tata Steel spokesperson said, "As a process, we do assess and evaluate various strategic opportunities for growth. This is an ongoing process in the company.Srei, which has an exposure of around Rs 300-400 crore, has proposed to bring in a technical advisor to run the company. "We have submitted an EOI for Electrosteel Steels. As a lender to the company, we look to protect the interest of all other lenders and ensure that the company is running. We don't have the expertise to run a steel firm, so we will introduce a ...