The Dubai Financial Services Authority (DFSA) has issued a decision notice to HDFC Bank's Dubai International Financial Centre (DIFC) branch, restricting it from onboarding or soliciting new clients. The notice prohibits the branch from engaging in financial services for new clients, such as providing advise on financial products, arranging credit and deals in investments, and offering custody services. Existing customers and those who were previously offered financial services but not yet onboarded are ...