Tag: crisis

After Yes Bank crisis, SEBI may limit MFs’ exposure to AT1 bonds: Report

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In its draft resolution plan for Yes Bank, the Reserve Bank of India (RBI) said that any instruments qualifying as AT1 capital will be written down. Following the Yes Bank crisis, the Securities and Exchange Board of India (SEBI) may limit the exposure of debt mutual funds (MFs) to additional tier 1 (AT1) bonds, according…

Yes Bank crisis: UPI’s use dives 40%, PhonePe lines go dead

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BENGALURU: An unexpected fallout of the Reserve Bank of India’s moratorium on Yes Bank was a disruption of the Unified Payments Interface (UPI) offered by fintech firms, which accounts for the bulk of digital transactions in the country. UPI transactions were down by about 40% on Friday, largely because PhonePe — which sees 20 million…