HDFC Bank executives exit over bond mis-selling scandal. Three senior executives at India's largest private sector lender have been asked to leave following allegations of mis-selling Credit Suisse Additional Tier-I bonds to non-resident Indians through its Dubai branch. The bonds were incorrectly marketed as fixed-maturity instruments before Credit Suisse's collapse and subsequent takeover by UBS. This development follows the sudden resignation of part-time Chairman Atanu Chakraborty, who cited practices misaligned with his personal values and ethics. The bank has acknowledged gaps in client-onboarding requirements at its DIFC branch in the UAE and stated it completed a detailed review with appropriate remedial actions taken in line with internal policies.
