Bahrain Court rules in favour of HDFC Bank in case against it by investors of Credit Suisse AT 1 Bonds

The latest orders follow judicial scrutiny of these investors claims and the evidentiary materials placed before the Bahrain Court.

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HDFC Bank on Thursday said it has received favourable orders from the High Civil Court, Bahrain, on September 9, 2026, in two proceedings initiated against it by the investors of Credit Suisse Additional Tier 1 Bonds (CS AT1).“Between July and August 2026, the Bahrain Court also rejected five other similar matters concerning investors of CS AT1…In all the seven judgments by the Court, the investors were ordered to bear the costs of the proceedings,” the Bank said.The latest orders follow judicial scrutiny of these investors claims and the evidentiary materials placed before the Bahrain Court.Investor ClaimsThe bank, in a statement, said the seven investors in their complaints had all alleged gross negligence, intentional misrepresentation, incorrect customer classification, non-disclosure of product features/characteristics, misuse of financial leverage and violation of product suitability principles with respect to their investment in CS AT1 Bonds through the Bank.Further, the Bahrain Court rejected the investors claims outright after finding that they had failed to produce sufficient admissible evidence to prove/substantiate these allegations against it or that they suffered any loss owing to the Bank.The Bank said the favourable outcomes in Bahrain Court follow dismissal by the National Consumer Dispute Redressal Commission (NCDRC) in March 2026 of complaints by the investors of CS AT1 Bonds against the Bank.“In its order, NCDRC affirmed that the Bank was only a facilitator and the investors had full autonomy to make their investments in CS AT1 Bonds as per their choice and that the investors voluntarily with their open eyes chose to make these investments and complained against the Bank only after these investments had failed to give their expected returns and that the investors were well versed with the nuances of the investments at the time of investing,” per the statement.Published on September 10, 2026