RBI Writes Down AT-1 Bonds to Reconstruct Yes Bank
Recently, the reserve Bank of India, under the scheme of reconstruction of Yes Bank, decided to write down Yes bank’s additional tier 1 (AT1) bonds worth Rs. 8,415 crore.
About AT-1 Bonds
- Additional Tier-1 (AT-1) bonds are unsecured perpetual bonds — with no maturity — issued by banks to shore up their capital base to meet Basel III requirements.
- The RBI is the regulator for these bonds.
- TheAT-1Bonds was introduced by Basel III post the 2008 financial crisis, to protect depositors of a bank on a going concern basis. These bonds are also commonly known as Contingent convertible capital instruments (CoCos).
- Under the ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Annual Survey of Services Sector Enterprises
- 2 Paste Fill Technology for Coal Mining
- 3 Multi Modal Logistics Park
- 4 Vizhinjam Seaport: India's First Deep-Water Container Transshipment Port
- 5 SEBI's Proposed Ease of Doing Business Measures for REITs and INVITs
- 6 Common Contract Note
- 7 Standing Deposit Facility
- 8 Green Municipal Bonds
- 9 M-CADWM Scheme Approved
- 10 Guidelines for Setting up Bio-Input Resource Centres
