RBI has recently superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) under which Section of RBI Act, 1934?

A)
Section 35-BE (1)
B)
Section 40-AE (1)
C)
Section 42-EE (1)
D)
Section 45-IE (1)

Correct Answer :   Section 45-IE (1)


The Reserve Bank of India has superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) under Section 45-IE (1) of the Reserve Bank of India Act, 1934. These both are NBFCs.

Published On : October 7, 2021