News From Press Mutual funds cut AT-1 bond holdings by over 90% in 3 years, banks face funding constraint

Mutual funds cut AT-1 bond holdings by over 90% in 3 years, banks face funding constraint

Source: ET Feb 1, 2024

For mutual funds, the value of their investments in additional tier-1 (AT-1) bonds of banks has plunged more than 90% over the past 3 years, leaving lenders with fewer capital sources, as stricter regulations after the Yes Bank crisis of 2020 have prompted asset managers to stay away from these hybrid products.

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