Private banks stick to equity capital; fund-raising spree driven by RBI's call for adequate capitalisation
The capital is expected to strengthen the bank's capacity to growth business and create buffers to withstand shocks
Along with the institutional bondholders, an individual investor -- a cancer survivor -- also moved the court to seek relief on Rs 10 crore exposure to AT-1 bonds
Overall, more than Rs 8,000 crore of investments are exposed to YES Bank's AT-1 bonds
The official said the bank had sought clarification on this issue and based on the feedback, the recall was to be exercised
A final word on the potential of AT1 bonds to wreak havoc in the global financial system from a systemic perspective, with many investors complacent or unaware of the onerous conditions of these bonds