Tag: crisis:

‘Selfish’ private-sector bank triggered Altico crisis: SBI chief

Says its reckless act could imperil whole financial system State Bank of India Chairman Rajnish Kumar has slammed a private sector lender for the crisis at Altico Capital, as its unilateral move to secure its own money can potentially cause troubles to the wider financial system. The realty-focussed non-banking lender Altico, which owes over ₹4,500 crore