Perpetual bonds back in favour, PSBs raise over Rs 24,000 cr in three months

Additional Tier-1 (AT1) bonds have had an eventful run since Yes Bank was taken over at the start of the pandemic nearly two years ago. These quasi-equity instruments appear to have come out of the big freeze in the last three or four months, with state-run lenders garnering more than ₹24,000 crore.