HDFC Bank said it has received favourable orders from High Civil Court, Bahrain, in two proceedings initiated against the bank by the investors of Credit Suisse Additional Tier 1 Bonds (CS AT1), following judicial scrutiny of their claims and the evidentiary materials placed before the Bahrain Court.

HDFC Bank has won all seven Bahrain cases filed by Credit Suisse AT1 bond investors, who accused the lender of mis-selling the risky securities. The Bahrain court rejected all…

Bahrain Court rules in favor of HDFC Bank, dismissing investor claims related to Credit Suisse AT1 Bonds due to insufficient evidence.