This delivers an end to a conflict surrounding alleged misselling of GPS devices to HDFC Bank’s car finance visitors throughout phase of original President, Aditya Puri.
HDFC financial’s public note on June 17 about refunding GPS product payment to auto loan clientele is sticking with a hold financial of Asia (RBI) directive with the bank for that results, reported on two methods knowledgeable about the increase.
“The RBI focused the lender to repay the GPS system cost to car finance buyers after carrying out a study of the condition. Consequently, the bank possesses complied because of this directive,” among the many means offered above said. Continue reading “Financial institution refunding GPS equipment commission to auto loan clientele following RBI movement”