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Dubai halts HDFC from adding new customers

Mint Mumbai

|

September 30, 2025

HDFC Bank Ltd, the largest private sector lender, has been banned from onboarding new customers at its Dubai branch after a regulator flagged lapses in its processes. The bank was penalized by a Dubai regulator for offering financial services to local clients who were not onboarded at the Dubai International Financial Centre, the Mumbai-based lender said in an exchange filing late on Friday.

- Bloomberg feedback@livemint.com

Therestrictions, which came into effect from 26 September, curtail HDFC Bank's ability to attract new business in one of the world’s fastest-growing financial hubs.

Mint Mumbai से और कहानियाँ

Mint Mumbai

Mint Mumbai

Vodafone Idea seeks further relief on AGR dues in SC plea

Vodafone Idea, which owes ₹83,400 crore in AGR dues, had sought a ₹45,000 crore waiver

time to read

2 mins

September 30, 2025

Mint Mumbai

ECB in talks to ease extra capital rules

The European Central Bank (ECB) is in talks with major banks about relaxing extra capital rules for lenders working with India’s sovereign bond clearing house, after a regulatory dispute with New Delhi threatened to disrupt billions of rupees in government debt and interest-rate derivatives trading.

time to read

1 min

September 30, 2025

Mint Mumbai

Mint Mumbai

Indian auto chases Europe EV dream

Cos acquire struggling European firms for design, expertise

time to read

2 mins

September 30, 2025

Mint Mumbai

Focus back on TCS woes as former Al boss quits

Tata Consultancy Services Ltd's struggle to sell AI services and products to clients is back in the spotlight, even as the legacy offshoring business grapples with uncertain demand and barriers in the US, its largest market.

time to read

2 mins

September 30, 2025

Mint Mumbai

Mint Mumbai

India plans to slash red tape, roll out red carpet for FDI

The effort is led by DPIIT under the commerce ministry, which oversees FDI policy review

time to read

2 mins

September 30, 2025

Mint Mumbai

Mint Mumbai

Personal shoppers lift India’s premium fashion retail sales

Stylists help customers mix and match outfits, boosting confidence and setting brands apart

time to read

2 mins

September 30, 2025

Mint Mumbai

Mint Mumbai

Peet’s Coffee latest in foreign F&B brands wooing India

India is fast emerging as a hub for international food and beverage (F&B) brands, driven by rising affluence, a young aspirational consumer base, and delivery platforms like Zomato and Swiggy that lower operating costs.

time to read

2 mins

September 30, 2025

Mint Mumbai

Sahara arm seeks nod for Adani sale

The Sahara India Commercial Corp. Ltd (SICCL) has moved the Supreme Court seeking its permission to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Pvt. Ltd.

time to read

1 min

September 30, 2025

Mint Mumbai

Mint Mumbai

Pentagon pushes to double missile production for potential China conflict

Military leaders are urging defense contractors to increase assembly of 12 critical weapons

time to read

4 mins

September 30, 2025

Mint Mumbai

Kedaara raises funds for first CV for assets

Kedaara Capital Investment Management Ltd, one of India’s largest local private equity firms, has closed its first continuation vehicle (CV) at $300 million, people familiar with the matter said.

time to read

1 min

September 30, 2025

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