Altico default sends shared funds, banks scurrying for address

Altico default sends shared funds, banks scurrying for address Top Indian loan providers including HDFC Bank, State Bank of India Yes Bank and UAE-based Mashreq Bank had supplied a six-year, Rs 340-crore loan to Altico. MUMBAI: Banks and shared funds scrambled on Thursday to retain the fallout of this standard by Altico Capital, with investor attention looking at finance that …