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CARS24, E-commerce for transaction of pre-owned and second hand cars said the number of customers selling cars due to liquidity crunch has doubled as compared to pre-corona times. It will now give loans to those customers who do not wish to sell their cars otherwise.
Mumbai based HDFC Bank Ltd. has coupled GPS tracking devices into purchase of Vehicle loans by customers. The bank is already conducting a probe in Auto loan segment, headed by former Ashok Khanna.
Mumbai based HDFC Bank is probing a scam related to vehicle financing by head Ashok Khanna to the extent of Rs. 1.2 trillion.