Govt to provide capital support mostly to weak PSBs

These special securities with tenure of 10-15 years are non-interest bearing and valued at par. Such bonds usually are non-interest bearing and issued at a deep discount to the face value. So, the effective Tier 1 capital levels for the banks could be lower than the regulatory requirement.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pefa9CX
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