Yes Bank, Yes Bank AT1 bonds, Yes Bank AT1 bondholders, mis-selling, Yes Bank crisis, Financial firms, money management, yes bank investors, banking
The Instagram memers had predicted it and 2020 is making it come true—this is the year in which the world goes from crisis to crisis. The world war fears in January happily did not manifest but the Chinese virus quickly became a global pandemic, putting at risk not just those with the virus but the global economies that make incomes and livelihoods possible as well. In the middle of these two global events, India had its own banking crisis when Yes Bank went under. To understand a banking crisis and why it happens in India, read this.