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AT-1 bonds & Yes Bank Crisis

What are AT-1 bonds & Yes Bank Crisis BASEL-III It introduced a set of reforms designed to improve the regulation, supervision & risk management within the banking sector Under the Basel III norms, Banks were asked to maintain certain minimum level of capital Under the Based III framework, banks' regulatory capital is divided into Tier 1 and Tier 2 capital. Tier 1 capital is subdivided into Common Equity (CET) and Additional Capital (AT1). Common Equity Tier 1 Capit..

Posted in articles |   1 comments |   3372 Views


The issue with writing down of Yes Bank's AT-I bonds

At the outset, Reserve Bank of India's efforts in acknowledging and taking timely measures to address the deteriorating financial position of Yes Bank Limited in the interest of the depositors and the public is admirable. In the 'Draft Yes Bank Ltd. Reconstruction Scheme, 2020', however, the fourth paragraph of clause 6 states that 'the instruments qualifying as Additional Tier 1 capital, issued by the Yes Bank Ltd. under Basel III framework, shall stand written down perm..

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ICAI to review general purpose financial statements of Yes Bank

In view of the recent media reports as regards certain systemic issues with respect to Yes Bank, Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) has decided to take up the review of general-purpose financial statements of Yes Bank for Financial Year 2017 - 18 and 2018-19. In case the FRRB finds any material / serious non-compliance, it would refer the case to the Director (Discipline) of ICAI for initiating action against the Auditor under the..

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