Madras HC upholds legal validity of RBI’s circular on Additional Tier 1 Capital Bond

FEMA, BANKING & INSURANCE : RBI Master Circular - Basel III Capital Regulations dated 1-7-2015 bearing RBI/2015-16/58 DBR No. BP.BC.1/21.06.201/2015-16, insofar as it relates to issuance and write off of Additional Tier 1 Capital Bonds, is not ultra-vires

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