ETV Bharat / business

HDFC Bank Barred From Onboarding New Clients In Dubai Branch By Local Regulator

The HDFC Bank said that the bank has already initiated necessary steps to comply with the directives in the notice.

Mumbai: HDFC Bank has been barred from onboarding new customers at its Dubai International Financial Centre branch by the local regulator. HDFC Bank, India's largest private sector lender, said it has initiated the necessary steps to comply with the notice of the Dubai Financial Services Authority and added that it does not see any material impact from it.

Exact details of the alleged violations leading to the action against HDFC Bank were not immediately clear.

In an exchange filing late on Friday evening, HDFC Bank said it has received the "decision notice" f

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