Archive for the 'payday loan near me' Category
Altico default sends shared funds, banking institutions 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 loan that is 340-crore Altico.
MUMBAI: Banking institutions and shared funds scrambled on Thursday to support the fallout regarding the standard by Altico Capital, with investor attention looking at finance that is non-banking’ liquidity issues in the eve of this very very first anniversary of IL&FS’ bankruptcy.
On Friday, ranks agency Asia reviews & Research cut Altico’s creditworthiness to ‘D’, or category that is‘default’ from A+ earlier in the day. Read more
No comments