Industry WIKI

The HDFC Bank AT1 bond misselling case (also referred to as the HDFC AT1 bond scandal) refers to allegations that staff at HDFC Bank's branches in the Dubai International Financial Centre and Bahrain missold high-risk US$100–120 million Additional Tier-1 (AT1) bonds issued by Credit Suisse to non-resident Indian clients. These bond instruments lost nearly all value when Swiss Financial M