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HDFC Bank's DIFC branch restricted from onboarding new clients
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HDFC Bank's DIFC branch restricted from onboarding new clients
The Dubai Financial Services Authority (DFSA) has issued a decision notice to HDFC Bank’s Dubai International Financial Centre (DIFC) branch, restricting it from onboarding or soliciting new clients. The notice prohibits the branch from engaging in financial services for new clients, such as providing advise on financial products, arranging credit and deals in investments, and offering custody services. Existing customers and those who were prev…
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