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Indian banks resilient; AT1 bond market to remain unaffected: Report

During FY23, HDFC Bank was the only private sector lender that raised capital using AT1 bonds

PNB, Punjab national bank

Representative image

BS Web Team New Delhi
Indian banks are going ahead with their plans to issue additional tier 1 (AT1) bonds, Financial Express (FE) has reported. The decision is significant given the recent turbulence global banks have faced, resulting in regulators writing off billions of dollars of AT-1 bonds. The case in focus is Credit Suisse, whose AT1 bonds worth $17 billion were written off.

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First Published: Mar 23 2023 | 10:37 AM IST

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