HDFC Bank stock drops 5% after the part-time chairperson of India’s largest private bank resigns due to ethical concerns.
HDFC Bank’s Stock Falls After Chairman’s Resignation On September 6, 2023, a man was spotted walking past the HDFC Bank stall at the Global FinTech Fest in Mumbai, India. Following the resignation of non-executive chairman Atanu Chakraborty, HDFC Bank’s stock decreased by 5%. This situation raises questions about governance and ethical concerns within the bank. […]
Dubai authorities limit HDFC Bank branch from providing financial services to new clients.
HDFC Bank’s Dubai Branch Faces New Client Restrictions The HDFC Bank branch located in the Dubai International Financial Centre is barred from accepting new clients or offering financial services due to recent regulatory actions from the Dubai Financial Watchdog. This move raises concerns regarding the bank’s onboarding practices and its involvement in previous misrepresentations involving […]