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

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

by Economic Times
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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.

This Altico Capital fallout: RBI asks HDFC Bank to pay Rs 210 crore to Mashreq Bank was originally published on https://economictimes.indiatimes.com/industry/banking/finance/banking/altico-capital-fallout-rbi-asks-hdfc-bank-to-pay-rs-210-crore-to-mashreq-bank/articleshow/77025073.cms

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