2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Canara Bank
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Indian Bank
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State Bank of India
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Bank of Baroda
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Detailed explanation-1: -iQuippo, a Kanoria Foundation initiative, will facilitate sourcing of loans under this programme. The partnership will allow Srei Equipment and UCO Bank to collaborate, co-operate and widen their respective markets and customer base.
Detailed explanation-2: -“ Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) are under Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016 vide Hon’ble National Company Law Tribunal (NCLT), Kolkata Bench Order dated 08th October 2021”.
Detailed explanation-3: -Brickwork Ratings (BWR) downgrades its ratings on SREI Equipment Finance Ltd’s (SEFL’s) non-convertible debentures (NCD), innovative perpetual debt instruments (IPDI) and commercial paper (CP) to ‘BWR D’ from ‘BWR BBB/BB/A3’/credit watch with negative implications, respectively, as tabulated above.
Detailed explanation-4: -As per the Directions, certain Non-Banking Financial Companies (“NBFCs”) should undertake due diligence on the directors before appointing them on the Boards of such companies. Srei Equipment Finance Limited (“Company”) is an NBFC-ND-SI, and is accordingly covered by the Directions.