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

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.