Try GOLD - Free
HDFC Bank benches execs amid regulatory fallout
Financial Express Lucknow
|October 29, 2025
ALLEGED MIS-SELLING OF CREDIT SUISSE SECURITIES BEING PROBED
HDFC BANK HAS placed two senior executives on gardening leave amid an internal probe into the alleged mis-selling of Credit Suisse’s Additional Tier 1 (AT1) bonds, according to Bloomberg.
The move, confirmed by sources familiarwith the matter, comes as the bank faces mounting scrutiny from regulators. While the bank has refrained from making public statements, insiders maintain that the decision to sideline the executives was precautionary.
On September 25, Dubai Financial Services Authority (DFSA) issued an order restraining HDFC Bank’s DIFC branch from onboarding new clients or promoting financial services. The DFSA cited lapses in the bank’s onboarding and advisory processes, though it stopped short of directly linking the action to the AT1 bond controversy.
Sources within HDFC Bank acknowledge that the regulatory clampdown is a direct consequence of the Credit Suisse bond fallout. They said the bank is fully cooperating with the DFSA and has halted all new client acquisition, while continuing to service existing customers.
This story is from the October 29, 2025 edition of Financial Express Lucknow.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Lucknow
Financial Express Lucknow
Why Milan over Delhi
INDIAN TWO-WHEELER MAKERS ARE ACCELERATING TOWARDS EICMA — THE WORLD’S BIGGEST SHOW
2 mins
November 03, 2025
Financial Express Lucknow
Startups eye SE Asia as next growth hub
OTHERS ARE FOLLOWING suit.
1 mins
November 03, 2025
Financial Express Lucknow
‘Seeing strong demand for debt financing as startups eye profitability’
Global banking major HSBC is deepening its play in India’s startup ecosystem with afresh $1-billion lending allocation, targeting founders who seek runway extension without equity dilution.
2 mins
November 03, 2025
Financial Express Lucknow
VC fundraising slows as investors...
EVEN SO, THE lower fundraising totals do not signal fading interest in India.
1 min
November 03, 2025
Financial Express Lucknow
Weeks with the Fronx
IS MARUTI SUZUKI’S SUV CROSSOVER WORTH THE PREMIUM PRICE TAG?
1 mins
November 03, 2025
Financial Express Lucknow
Rivals race ahead as Honda loses grip on scooter market
AFTER MAINTAINING AN iron grip on the scooter market with its bestseller Activa for over two decades, Japanese heavyweight Honda has struggled to keep pacewith the growthin thesegment, resulting in a sharp decline in its market share over the past few years.
1 mins
November 03, 2025
Financial Express Lucknow
Existing lenders may join SP Group’s $2.5-bn raise
SOME OF THE global funds which participated in Shapoorji Pallonji (SP) Group’s last round of borrowing may join in once more as the conglomerate gears up for another major fundraising exercise.
2 mins
November 03, 2025
Financial Express Lucknow
Isro launches ‘CMS-03’, heaviest satellite into orbit
IN YETANOTHER demonstration of its steadily improving capabilities, ISRO Sunday launched a powerful communication satellite CMS-03, the heaviest to be carried by any Indian rocket so far. The 4,410kg satellite will primarily serve the purposes of the Indian Navy, augmenting its spacebased communications and maritime domain awareness capabilities.
1 mins
November 03, 2025
Financial Express Lucknow
Economists back CPI housing revamp
THE PROPOSED CHANGES in the Housing Index compilation methodology, including coverage of rural areas and exclusion of employer provided dwellings, will remove statistical distortions and discrepancies in the housing sector, economists said.
1 min
November 03, 2025
Financial Express Lucknow
Big Tech testing investors with AI spending surge
THE LARGESTTECHNOLOGY companies are betting on an AI future powered by gigantic data centres filled with humming servers.
2 mins
November 03, 2025
Listen
Translate
Change font size