• colmurali

    April 13, 2021 at 2:15 pm

    A welcome step by SEBI but as the writer says, RBI should have done it and done it unambiguously with a clear message to all bankers and investors that investor’s interests cannot be overlooked.


  • kamalgarg1958

    April 14, 2021 at 10:20 am

    Not only that RBI has failed in its duty and responsibility, but, also the very fact that RBI adopted different approach to two different cases in the same time period – one was Yes Bank case, where, straightaway in the first and opening press conference by the RBI Governor it was informed that the AT1 bonds would be written off/extinguished; whereas in the case of Laxmi Vilas Bank, first, only the equity was written off and nothing happened with AT1 bonds of LVB and after a gap of two days, by which time there was a lot of furor and hulla-gulla about the differential treatment to equity and AT1 bond holders in the cases of Yes Bank and LVB, it was decided to write off/extinguish the AT1 bonds also.
    It is good to note that at least SEBI is discharging its legal and fiduciary responsibility.


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