HDFC Securities, the stockbroking arm of HDFC Bank, has recently announced the closure of its franchisee business. The company has emphasized that this decision is not related to any compliance issues. Instead, it is a strategic move aimed at streamlining operations and improving service quality.

HDFC Securities has clarified that the decision to pause partnerships is purely a business strategy and not due to compliance-related reasons. The firm intends to enhance operational efficiency and service delivery through this restructuring.