RBI To Conduct Special Audit Of Srei Infrastructure Finance, Subsidiary
The Reserve Bank of India (RBI) is conducting a special
auditof Kolkata-based lender
Srei Infrastructure Financeand its subsidiary, Srei Equipment Finance. In a notification to the exchanges, the lender said,
RBIhas appointed an auditor to conduct a special
auditin exercise of its powers under Section 45 MA (3) of the
RBIAct, 1934.
Under the said section, the
RBImay at any time by order conduct a special
auditof the accounts of a non-banking finance company, if it is of the opinion that it is necessary so to do in the public interest or in the interest of the non-banking financial company or in the interest of the depositors of such company.
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First Published: Fri, November 20 2020. 21:46 IST
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