Which institution announced a rule that sought to treat banks rsquo additional tier 1 AT1 bonds as h...........

General Knowledge (judicial) Banking Awareness

Which institution announced a rule that sought to treat banks’ additional tier 1 (AT1) bonds as having 100-year maturity?

RBI

SEBI

IRDAI

PFRDA

Explanation:

The Securities and Exchange Board of India (SEBI) issued a circular that sought to treat additional tier 1 (AT1) bonds of banks as having 100-year maturity.
The Finance Ministry has asked SEBI to withdraw this rule, which would make investments in the bonds one of the riskiest. A sell-off in these securities will make it tougher for banks to raise capital. The rules were to take effect form April 2021.