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SBI Chairman slams ‘selfish’ private sector bank for Altico crisis According to reports, a leading private sector bank allegedly moved in to secure its exposure by “netting-off” money from a fixed deposit maintained by Altico Current Affairs  :- State Bank of India director Rajnish Kumar has pummeled a “narrow minded” private part loan specialist for the emergency at Altico Capital, as its one-sided move to verify its own cash can possibly make inconveniences the more extensive monetary framework. The realty-centered non-banking moneylender Altico, which owes over Rs 4,500 crore to the framework (for the most part banks), defaulted on an about Rs 20 crore premium installment toward the end of last week on an outside business obtaining (ECB) advance. The default by Altico has brought about worries over the more extensive ramifications. As indicated by reports, a main private segment bank supposedly moved in to verify its introduction by “netting-off” cash from a fi...