At Mercedes India, a financing mess10 min read . Updated: 13 Jul 2022, 12:52 AM IST
- The luxury auto maker’s financing arm is grappling with recovery of bad loans and allegations of poor and potentially improper lending decisions
- In May, the RBI imposed a penalty of ₹5 lakh on Daimler Financial Services for failing to promptly report a fraud. The incident, here, isn’t clear but, there’s a disturbing pattern.