HDFC Bank disclosed that it has also been barred from soliciting customers, but added that it can continue to service existing customers. HDFC Bank

The Dubai Financial Services Authority has barred HDFC Bank from onboarding new customers at its Dubai International Financial Centre (DIFC) branch.

HDFC Bank, India’s largest private sector lender, said it is taking the required steps to comply with the regulator’s directive and clarified that the move is not expected to have any significant impact on its operations.

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

HDFC Bank On Notice By Dubai Regulator

In an exchange filing late on Friday evening, HDFC Bank said it has received the “decision notice” from DFSA, which points to al

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