NRIs claim HDFC Bank misused their ₹30-cr FDs to buy Credit Suisse bonds, file complaints
At least four NRI customers of HDFC Bank filed complaints with Economic Offences Wing in Nagpur, Chandigarh and Gurugram alleging misuse of ₹25-30 crore FDs, NDTV Profit reported. They alleged HDFC Bank used FDs to buy Credit Suisse's Additional Tier-1 bonds. One customer claimed their income was inflated 250% by bank officials to make them eligible to buy bonds.