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#yesbank_at1_retailinvestor
Why Yes Bank blatantly sold AT1bonds, weapons of mass destruction to Retail investors, when its offer document itself prohibited its sales to retail investors@nsitharaman  @FinMinIndia @DasShaktikanta @PMOIndia @aajtak @sardesairajdeep @PTI_News
#yesbank_at1_retailinvestor

Onus of explaining the loss absorbency features of AT1 bonds was with the bank as per @RBI. they never explained these features us. Help!

@rkumar1958 @nsitharaman @pk63 @PMOIndia

@FinMinIndia @DasShaktikanta @nsitharamanoffc @aajtak @ndtv @pti_news
Read 7 tweets
@RBI @DasShaktikanta @rkumar1958 #yesbank @YESBANK @nsitharaman #yesbankcrisis @pk63 @PMOIndia @FinMinIndia #yesbank_AT1_RetailInvestor @sanjeevsanyal

My input on RBI proposal for reconstruction of Yes Bank

I am holder of 1(one) Perp AT1 bond, Basel III compliant of Yes bank.
To me it is a very big money (INR. 10 lakhs). I am in no position to lose this money and the interest thereof. I am a 55 yr old early retiree who is looking to get regular income from FDs, bonds and mutual funds. I am risk averse so I do not like to buy shares.
I was sold these bonds by YES bank senior staff and they convinced me it was a very safe debt option (I was told Bank's AA means AAA as no bank gets AAA rating). As a holder of this AT1 bond of YES bank, I vehemently reject the draft scheme of reconstruction of YES bank
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