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RBI blocks coupon payment by bank
Indian issuer uses loss-absorption rules on bank capital securities
Published Fri, Aug 12, 2016 · 09:50 PM
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Singapore
INDIA's central bank has blocked a small local lender from paying a coupon on its subordinated bonds after its capital ratio dropped below the regulatory minimum, highlighting the risks investors face in the country's thinly capitalised banking system.
The Reserve Bank of India (RBI) has advised Kerala-based Dhanlaxmi B…
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