Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
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Is it any way or any regulatory body exists who could return our hard core money..
Because it's very difficult to survive without money
In order to ensure that the Financial Sector Regulator delivers on its supervision and monitoring responsibilities and acts in a responsible manner, High Court should order it to compensate the investors for loss of principal.
Even RBI is not clear on its stand what to do with AT1 bonds in the case of liquidity crunch faced by a bank. See the different approach RBI adopted while dealing with Yes Bank case and different approach while dealing with Laxmi Vilas Bank case (in case of LVB, initially, it wrote off only the equity share capital before allowing it to merge with a foreign bank but subsequently, it realized its folly of "double dealing" , i.e. different treatment in case of Yes Bank bonds and different treatment in case of LVB bonds, and therefore finally wrote-off LVB AT1-2 bonds also).
In case of DHFL, even NCLTA's decision to allow complete write-off of the equity and allowing the successful RP, i.e. Piramal Enterprises Ltd. to keep any recovery from the debts with themselves while 'valuing' the existing book debts at a princely 'valuation' of only Re. 1 calls for judicial intervention.