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HDFC Bank Limited, on Friday, announced that its Dubai International Financial Centre (DIFC) branch has received a formal directive from the Dubai Financial Services Authority (DFSA), imposing restrictions on onboarding new clients.

The Decision Notice, dated September 25, 2025, bars the DIFC branch from soliciting or conducting business with new clients who had not completed the onboarding process by that date. The restrictions cover a range of financial services activities, including advising on financial products, arranging investment deals, arranging or advising on credit, and custody-related services.

Moreover, the branch has been prohibited from engaging in financia

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