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Srei Group Faces Uncertain Times With Rating Downgrade, RBI Audit
Srei Infrastructure is facing increased liquidity pressures and an RBI-initiated audit.
18 Dec 2020, 08:01 AM IST
Non-bank lender Srei Infrastructure Finance Ltd has seen uncertainty build up as rating agencies have raised concerns about its deteriorating liquidity conditions, while its lenders are yet to approve a proposal to restructure its liabilities. This, against the backdrop of a special audit initiated by the Reserve Bank of India and unsubstantiated allegations appearing in a news portal.On Monday, Care Ratings Ltd. downgraded long-term...
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