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SREI Infrastructure Finance to submit application for banking license

24 Jun 2013 Evaluate

SREI Infrastructure Finance has decided to submit an application to the Reserve Bank of India (RBI) for obtaining a banking license, based on the Guidelines for Licensing of New Banks in the Private Sector dated February 22, 2013 and the associated clarifications issued by RBI on June 03, 2013. The board of directors of the company at its meeting held on June 24, 2013 has decided for the same.

SREI Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village. The company has been financing in the infrastructure sector for the last 22 years and has a customer base of over 30,000 all over the country.

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