India, Sept. 27 -- The Dubai Financial Services Authority has barred HDFC Bank Ltd.'s Dubai branch from onboarding new clients until further notice, India's largest private lender has told the stock exchanges in Mumbai.

The Dubai Financial Services Authority (DFSA) has found that the HDFC Bank branch in Dubai International Finance Centre (DIFC) was offering financial services to clients who were not onboarded by the branch, according to a stock exchange filing on Friday. Additionally, there are issues with onboarding of customers at the branch, and other related matters.

"The prohibition does not apply to existing customers of HDFC Bank Dubai, or onboarding and servicing of clients who may have been previously offered or provided financ...