Friday, May 28, 2021

RBI imposes Rs 10 crore penalty on HDFC Bank for irregularities in auto loan book

The regulator said that after receiving a complaint from a whistle blower it had conducted a examination in the marketing and sale of third-party non-financial products to the bank’s auto loan customers. The regulator said that it had found that the bank was in contravention of regulatory directions.

from Banking/Finance-Industry-Economic Times https://ift.tt/3uwGoWm

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