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.

24 July, 202511 min
0
HDFC Bank charged with ripping off NRI depositors. Now it is set to pay

You may also like

Business
Story image

RBI wants IndusInd Bank promoters, the Hindujas, cut to size

After successive controversies and growing unease over promoter influence, the central bank is reshaping the lender—starting with management, moving to its board and tightening the screws on ownership.

Business
Story image

Amitabh Chaudhry needs to rethink Axis Mutual Fund’s revival strategy

The fund house has fallen behind its peers. What explains the sub-par performance?

Business
Story image

Why Kotak Mahindra Bank is in a hurry to swallow IDBI

As growth flatlines, acquisition of the government-controlled lender may be the only way out for the Uday Kotak-promoted bank to stay relevant.