ICICI sells Rs 430 cr Kingfisher loan

A debt fund operated by Kolkata-based Srei Infrastructure Finance on Monday said it has bought out the entire exposure of ICICI Bank, worth around Rs 430 crore (Rs 4.3 billion), in the financially......

Reserve Bank supersedes boards of Srei firms

The Reserve Bank on Monday superseded the boards of Srei Infrastructure Finance as well as Srei Equipment Finance, citing concerns over governance and payment defaults, and decided to refer the two......

Will Sudhir Valia, Suraksha's 'deal maker' manage to bag Jaypee Infra?

Suraksha started by funding developers for projects, and then evolved into realty angel investing. Dev Chatterjee reports. IMAGE: Suraksha Smart City - Vasai-Virar's biggest township under......

Who Will Admit To Committing Fraud?

Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money.Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.......