IRDAI eases norms of bank bonds, InvITs/REITs

“The aggregate value of AT1 (additional tier one) bonds held in a particular bank, at any point of time, shall not excess 10% of the total outstanding AT1 bonds of that particular bank,” Insurance Regulatory Development Authority of India (IRDAI) said late Wednesday. Earlier, the cap was meant for any particular primary issuance of those bonds, popularly known as perpetual papers.

from Banking/Finance-Industry-Economic Times https://ift.tt/Xya4sQZ