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Dubai regulator bars local HDFC Bank branch from onboarding new clients
Millennium Post Delhi
|Delhi 28 September 2025
MUMBAI: HDFC Bank has been barred from onboarding new customers at its Dubai International Financial Centre branch by the local regulator.
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HDEC 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 HD! ank were not immediately clear.
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