The tier-2 bonds have a loss absorbency feature, which means that if a bank fails, its tier-2 bondholders will absorb any losses ahead of its depositors. LVB had reported about ₹3,000 crore in accumulated losses, one-fourth of its loan book had turned sour, and tier-1 capital had turned negative.
Global crude oil prices may hit USD 120/barrel in short term, USD 150 if gulf war extends over a month: Kotak’s Chainwala
Crude oil prices may surge to USD 120 per barrel soon. Extended conflict in West Asia could push prices to USD 150. Supply disruptions in