HDFC Bank Execs Face Action Over Credit Scores Suisse Bond Mis-selling
Mumbai– HDFC Bank has supposedly taken disciplinary activity against 15 executives worrying the claimed mis-selling of Credit report Suisse Additional Tier- 1 (AT- 1 bonds.
- Claims: Investors claim HDFC Financial institution might have offloaded Credit scores Suisse AT- 1 bonds to them after understanding Credit rating Suisse’s monetary troubles in 2020
- Write-off: The bonds were written off during UBS’s acquisition of Credit scores Suisse in 2023, resulting in investor uproar.
- Earlier Action: In March, three executives were acted against. Twelve more are now linked.
- Financial institution Feedback: HDFC Financial institution has not commented, pointing out a “quiet duration.”