Lessons from the Yes Bank Fiasco

Authors: Samir K Barua and V Raghunathan March 13, the government approved RBI’s ‘Scheme of Reconstruction’ of Yes Bank proposed under Banking Regulations Act, 1949. The key features of the scheme were: a) restrictions on withdrawal of deposits from the bank, b) permanent write down of the AT-1 bonds issued by the bank, and c) […]

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