Excerpt: Pandemonium: The Great Indian Banking Tragedy by Tamal Bandyopadhyay

Neighbours of BK Batra, 61, a former deputy managing director of IDBI Bank, saw him walking briskly in Sheila Raheja Park at Mumbai’s western suburb of Malad East, as he did every morning.

By the time he returned to his apartment at Raheja Residency on General AK Vaidya Marg, a few minutes’ walk from the park, a posse of CBI officers had already entered the complex.

They pressed the bell at Batra’s third-floor apartment and presented him with a search warrant. The reason was IDBI Bank’s exposure to the defunct Kingfisher Airlines of Vijay Mallya.