Friday, November 27, 2020

RBI has set precedence in LVB bond write-off, will hurt other banks: Report

During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument called additional tier-I bonds.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-has-set-precedence-in-lvb-bond-write-off-will-hurt-other-banks-report/articleshow/79446013.cms

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