The Reserve Bank of India (RBI) on Thursday appointed Venkat Nageswar Chalasani to the advisory committee of insolvent Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL) with immediate effect.
Chalasani, former deputy director of the State Bank of India, has been appointed to the committee after R Subramaniakumar resigned.
“As a result of R Subramaniakumar’s resignation from the advisory committee effective June 22, 2022, it has been decided to appoint Venkat Nageswar Chalasani to the advisory committee with immediate effect,” the central bank said.
The RBI had set up the advisory committee in October to advise the administrator, Rajneesh Sharma, on the activities of the financial services companies during the corporate bankruptcy resolution process.
