Friday, July 17, 2020

Altico Capital fallout: RBI asks HDFC Bank to pay Rs 210 crore to Mashreq Bank

HDFC Bank, which had also lent money to Altico, debited about Rs 200-210 crore from its account by using a general lien, ET reported on October 13 last year. Altico and Mashreq claimed that the money was transferred from the Rs 650 crore ECB that the non-banking finance company had availed of from the Middle East bank and kept at HDFC Bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/30ooZ59

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