HDFC Bank: NRI Clients Allege Misuse of FDs for AT-1 Bond Purchases

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is facing complaints from four NRI customers who allege their fixed deposits worth ₹25–30 crore were misused to fund purchases of Credit Suisse AT-1 bonds. FIRs have been filed in Nagpur, Chandigarh, and Gurgaon, accusing bank officials of inflating loan eligibility and failing to disclose risks. The FDs were allegedly adjusted after the bonds were written off in 2023.