SBI may not have agreed to invest in YES Bank without AT1 write-off: RBI tells SC

Indeed, a significant factor in SBI’s decision to inject money in Yes was that these loss-absorbent bonds were to be written off before the equity infusion so that there would be no dilution of SBI’s money, the banking regulator is learnt to have said in its special leave petition before the apex court.

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Gold inches higher, focus on Fed minutes

Gold prices edged up slightly during the early Asian trading session, buoyed by a retreat in U.S. Treasury yields from their recent highs. Market players

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