The Reserve Bank of India has superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) under Section 45-IE (1) of the Reserve Bank of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.
The State Bank of India has partnered with the Indian Navy to launch a NAV-eCash card for the naval personnel onboard the country's largest Naval Aircraft carrier INS Vikramaditya.