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It also found that loans it had been probing have all been repaid.

Gagan Banga, Indiabulls Housing Finance (IHF) vice chairman, said it appears that the RBI saw the move as a backdoor entry into banking.

A few brokerages say the situation on the ground is not as weak as it looks.

What was notable about them, however, was that these maverick i-bankers cut deals for cash-rich large business houses.

KKR will infuse about $70 million or Rs 450 crore in the company and another $35 million will be paid to exiting stakeholders.

India Land properties (ILP), part of the Madrid-based Americorp group, is betting big on its flagship technology park at Ambattur to give a...

A clutch of financial investors including Government of Singapore Investment Corporation (GIC) and the New York-based hedge fund Galleon Pa...