AT-1 bonds are a type of unsecured, perpetual bonds that banks issue to shore up their core capital base to meet the Basel-III norms. There are two routes through which these bonds can be acquired: Initial private placement offers of AT-1 bonds by banks seeking to raise money. Secondary market buys of already-traded AT-1 bonds. AT-1 bonds are like any other bonds issued by banks and companies, but pay a slightly higher rate of interest compared to other bonds. These bonds are also listed and traded on the exchanges. So, if an AT-1 bondholder needs money, he can sell it in the secondary market. Investors cannot return these bonds to the issuing bank and get the money. i.e there is no put option available to its holders. However, the issuing banks have the option to recall AT-1 bonds issued by them (termed call options that allow banks to redeem them after 5 or 10 years). Banks issuing AT-1 bonds can skip interest payouts for a particular year or even reduce the bonds’ face value. AT-1 bonds are regulated by RBI. If the RBI feels that a bank needs a rescue, it can simply ask the bank to write off its outstanding AT-1 bonds without consulting its investors.
Select the most appropriate synonym of the given word.
ESTIMATE
SINUOUS
In the following question, four words have been given out of which one word is incorrectly spelt. Select the incorrectly spelt word.
If I had played well, I would have won the match.
Versatile
The athlete was praised for her outstanding performance in the championship.
His actions were impulsive and not well thought out.
Pick a word opposite in meaning to Lackadaisical .
Select the most appropriate meaning of the given proverb from the options
Better late than never
This is a time when the legitimate (A) aspirations of the diversity (B) peoples of our country need to be reconciled (C) , and differences overcom...
