Few auto loans execs indulged in personal misconduct, no conflict of interest: HDFC MD

Few auto loans execs indulged in personal misconduct, no conflict of interest: HDFC MD

MUMBAI: HDFC Bank‘s Managing Director and Chief Executive Aditya Puri on Saturday said “disciplinary action” has been taken against a few employees from the auto loans business for exhibiting “personal misconduct“. The remarks by Puri in an address to shareholders came amid reports about the circumstances under which the head of the auto loan business … Read more

Altico Capital fallout: RBI asks HDFC Bank to pay Rs 210 crore to Mashreq Bank

Altico Capital fallout: RBI asks HDFC Bank to pay Rs 210 crore to Mashreq Bank

The Reserve Bank of India has directed HDFC Bank to pay Rs 210 crore to Mashreq Bank, which had extended a loan to real estate financier Altico Capital that is seeking central bank approval for debt resolution, people with direct knowledge of the matter told ET. Last October, the indebted non-banking finance company and Dubai-based … Read more