2 min read.Updated: 13 Mar 2021, 12:17 AM ISTNeil Borate
The Sebi circular had generated significant apprehension in the mutual fund industry that losses would result from a consequential revaluation of such bonds
The finance ministry has asked the markets regulator to withdraw a rule that sought to treat banks’ additional tier 1 (AT1) bonds as having 100-year maturity, making investments in them one of the riskiest, as the government feared a sell-off in these securities would make it tougher for banks to raise capital.
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