The Reserve Bank of India (RBI) is conducting a special audit
of Kolkata-based lender Srei Infrastructure Finance
and its subsidiary, Srei Equipment Finance. In a notification to the exchanges, the lender said, RBI
has appointed an auditor to conduct a special audit
in exercise of its powers under Section 45 MA (3) of the RBI
Under the said section, the RBI
may at any time by order conduct a special audit
of 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.