HDFC Bank probes lending practices at vehicle unit

India’s most valuable lender by market capitalization decided against proceeding with an earlier proposal to extend the employment of Ashok Khanna, an 18-year veteran at the bank, after the investigation was completed, said sources. The vehicle financing unit he headed had outstanding loans of more than Rs 1.2 lakh crore ($16 billion) as of March 31.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Zkhk8N