Signage of HDFC Bank seen at one of its branch in Bengaluru, India. (Photographer: Anirudh Saligrama/BloombergQuint)
It’s an incident that got two of the country’s leading bankers taking digs at each other publicly. And now it has the whole industry watching.In September, HDFC Bank Ltd. decided to use proceeds of external commercial borrowings raised by Altico Capital Ltd., held by the bank in the form of term deposits, to settle its loan dues. The amount was close to Rs 220 crore, BloombergQuint reported.The decision prompted State Bank of India c...