Finance Ministry Asks SEBI to Withdraw Directive on Additional Tier I Bonds
SEBI had earlier this week issued regulations that put a limit of 10% for cumulative investments by mutual funds in Tier I and Tier II bonds.
The logo of the Securities and Exchange Board of India (SEBI), India's market regulator, is seen on the facade of its head office building in Mumbai, India, July 13, 2015. Photo: Reuters/Shailesh Andrade
Government13/Mar/2021
The finance ministry has asked market regulator Securities and Exchange Board of India (SEBI) to withdraw its directive to mutual fund (MF) houses to treat additional Tier I (AT-1) bonds as having maturity of 100 years as it could disrupt the market and impact capital raising by banks.