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Finance ministry asks Sebi to withdraw new order on bond valuation

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Finance ministry asks Sebi to withdraw new order on bond valuation

In a big development, finance ministry has overridden Sebi’s recent order asking mutual funds to treat AT1 bonds as 100 year instruments from next month. In a memorandum to Sebi, the finance ministry has said that the revised norms will lead to huge mark to market losses to investors.

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Source: Finance ministry asks Sebi to withdraw new order on bond valuation

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