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Yes Bank crisis: MFs plan to challenge RBI’s resolution plan
March 8, 2020 | By Livemint.com
business
As part of the rescue plan, State Bank of India will infuse ₹2,450 crore into Yes Bank.RBI’s resolution plan allows equity holders of Yes Bank to retain some value while completely writing off AT1 bonds
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Mutual funds plan to challenge the central banks resolution plan for Yes Bank that envisages a write-off of the lenders additional tier 1 (AT1) bonds as they claim legal norms require bond owners to be given priority over shareholders when it comes to repayme
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