Indian AT1s to relish RBI relaxation on coupons

The Reserve Bank of India is giving lenders a helping hand when it comes to paying coupons on their additional tier one debt, by allowing them to dip into their statutory reserves. Although the flexibility on coupon payments is beneficial, weaker banks will still struggle to come offshore for capital. Addison Gong reports.

  • By Addison Gong
  • 09 Feb 2017
In the revised guidelines announced by the Indian central bank at the end of last week, banks are now allowed to tap their statutory reserves to pay coupons on AT1s if current year profits, retained earnings and other permissible reserves are insufficient. This is on condition that ...

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