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 Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-imposes-rs-10-crore-penalty-on-hdfc-bank-for-irregularities-in-auto-loan-book/articleshow/83056715.cms