HDFC Bank charged with ripping off NRI depositors. Now it is set to pay

Allegations of misselling risky AT1 bonds to retail investors come as a new headache for India’s largest private bank. The regulatory backlash could leave a $100 million hole in its books.

July 24, 202511 min
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HDFC Bank charged with ripping off NRI depositors. Now it is set to pay

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