ADVERTISEMENT
Why The HDFC Bank-Altico Tussle Has The Industry Watching
The Altico Capital episode, which sparked a war of words between Rajnish Kumar and Aditya Puri, has reached the RBI’s doorstep.
17 Oct 2019, 12:18 PM IST
It’s an incident that got two of the country’s leading bankers taking digs at each other publicly. And now it has the whole industry watching.In September, HDFC Bank Ltd. decided to use proceeds of external commercial borrowings raised by Altico Capital Ltd., held by the bank in the form of term deposits, to settle its loan dues. The amount was close to Rs 220 crore, BloombergQuint reported.The decision prompted State Bank of India c...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
Stories
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT