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HDFC Bank probes lending practices at vehicle unit

HDFC Bank probes lending practices at vehicle unit

HDFC Bank Ltd has conducted a probe into allegations of improper lending practices and conflicts of interests in its vehicle-financing operation involving the unit’s former head, Ashok Khanna, according to people familiar with the matter. The vehicle financing unit Khanna headed had outstanding loans of more than 1.2 trillion rupees ($16 billion) as of March 31.Source: Times of India…

HDFC Bank Ltd has conducted a probe into allegations of improper lending practices and conflicts of interests in its vehicle-financing operation involving the unit’s former head, Ashok Khanna, according to people familiar with the matter. The vehicle financing unit Khanna headed had outstanding loans of more than 1.2 trillion rupees ($16 billion) as of March 31.Source: Times of India

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