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HDFC Bank fires six employees for corrupt practices in vehicle loan business: Report

Many media reports have suggested that HDFC Bank was looking into allegations of misconduct in its vehicle financing business.

July 21, 2020 / 11:02 AM IST
 
 
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HDFC Bank has reportedly sacked six executives over allegations of corruption and breach of corporate governance standards.

The private sector lender fired six senior and mid-level officials after an internal investigation found that they were involved in corrupt practices, according to a report by ET Now.

Moneycontrol could not independently verify the story.

HDFC Bank was looking into allegations of misconduct in its vehicle financing business. However, the bank did not respond to a request for comment by The Economic Times.