Business Standard

Wednesday, December 25, 2024 | 09:46 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Bad loans spike at Altico Capital India amid restructuring plan pushback

Some creditors to Altico Capital India Ltd., which focuses on real estate lending, are concerned that the absence of fresh equity in the proposal fails to address a dramatic surge in bad loans

money
Premium

Photo: Shutterstock

Bloomberg
Indian shadow lender, Altico Capital India Ltd, whose debt problems are being closely watched amid a broader industry crisis is facing pushback on its restructuring plan.
 
Some creditors to Altico Capital India Ltd., which focuses on real estate lending, are concerned that the absence of fresh equity in the proposal fails to address a dramatic surge in bad loans, said two people familiar with the matter, asking not to be identified because the information isn’t public.
 
Bad loans at Altico spiked to 23.8% of its loan book in the quarter ended September from 1.8% in the previous quarter, in part

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in