Archive · 29 Sep 2025
HDFC Dubai Branch Restrictions, Plus Other Corporate News
HDFC Bank, which has a branch in Dubai, got a notice from Dubai's financial police, the DFSA.
This means the Dubai branch can't sign up any new customers for certain financial services right now.
However, the bank can still help existing customers.
Meanwhile, Tata Motors appointed a new CEO.
Also, PG Electroplast's subsidiary bought land for a new facility.
HDFC Bank's Dubai branch barred from onboarding new clients.
Tata Motors appointed Shailesh Chandra as Managing Director and CEO.
PG Electroplast's subsidiary purchased land in Sri City, Andhra Pradesh.
Oil India discovered natural gas in the Andaman Shallow Offshore Block.
NTPC plans to hire consultant for uranium mines abroad.
- Who
- HDFC Bank and Dubai Financial Services Authority (DFSA)
- What
- HDFC Bank's Dubai branch barred from onboarding new clients
- When
- Effective immediately
- Where
- Dubai International Financial Centre (DIFC) branch
- Why
- DFSA initiated investigation and imposed restrictions
Company
Shareholder
Land acquisition
Company
Company: Land Acquisition is to support operations
Shareholder
Shareholder: To see profits.
- Company
- HDFC Bank
- Regulator
- Dubai Financial Services Authority (DFSA)
- Action
- Barred from onboarding new clients and financial promotions
- Other News
- Tata Motors appointed Shailesh Chandra as Additional Director, Managing Director, and CEO for a three-year term, effective October 1. PG Electroplast's subsidiary purchased a land parcel in Sri City, Andhra Pradesh
