Dubai’s financial regulator has barred HDFC Bank’s Dubai International Financial Centre office from onboarding new clients or promoting financial...
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Dubai’s financial regulator has barred HDFC Bank’s Dubai International Financial Centre office from onboarding new clients or promoting financial services due to concerns over onboarding practices. Existing customers remain unaffected. The move relates to past regulatory scrutiny over mis-selling high-risk Credit Suisse bonds. HDFC Bank said the branch’s business is not material to its overall operations and is cooperating with authorities.
Dubai’s financial regulator has barred HDFC Bank’s Dubai International Financial Centre office from onboarding new clients or promoting financial...
HDFC Bank’s branch in Dubai International Financial Centre is accused of servicing clients who were not onboarded by the said branch as a customer.
HDFC Bank’s branch in Dubai International Financial Centre is accused of servicing clients who were not onboarded by the said branch as a customer.
According to the notice, the DIFC branch has been prohibited from engaging in financial services for new clients, including advising on financial...
According to the notice, the DIFC branch has been prohibited from engaging in financial services for new clients, including advising on financial...
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