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Yes Bank AT1 Bonds: While RBI Failed Investors, Where Was SEBI?

Yes Bank AT1 Bonds: While RBI Failed Investors, Where Was SEBI?
Photo: Free Press Journal · view original

The Supreme Court’s October 15 judgement, upholding the quashing of Yes Bank’s ₹8,415 crore Additional Tier 1 (AT1) bond write-off, raises a fundamental question of regulatory accountability: how did India’s financial watchdogs allow a banking crisis to culminate in the unauthorised extinguishmen...

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