Yes bank

Regarding AT1 bonds,

1. It will an interesting development with the involvement of Judiciary in a policy decision taken by the RBI. I sense a long battle ahead between the roles and responsibilities of the Executive and Judiciary.
2. Secondly, the clauses are clearly mentioned when any AT1 bond is issues. While I empathize with the retail investors, definitely not with the investment agencies because they should have read the fine print about any loss of capital if any clause is initiated during adverse situations
3. Thirdly, the market knows better and I believe the probable impact of future outcome of AT1 bond is already priced into the stock price. The current fall is more to do with the results rather AT1 bond.

Disc: Stuck from very higher levels and may be biased