LVB tier 2 Bond holders need Justice.

LVB tier 2 Bond holders need Justice.

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Premkumar kumar started this petition to rbi and

We are small investors and have invested our hard-earned money in LVB Basel III tier 2 bonds and have been put to unbearable loss due to write off of these bonds by RBI.

A bond holder is typically a person who is  conservative and wants to invest in a instrument which gives steady returns and mostly consist of retired persons.

We therefore request the Reserve Bank of India to either provide for paying-off our bonds or transferring the same to the “Transferee Bank” - DBS for servicing as per schedule.

At this time Indians are holding tier 2 bonds of the banks of more than 50,000 crores. Who will trust the act of RBI and put money in these instruments?

If such is the fate of the bond holders, they would lose their trust and confidence in our banking system.

Please save all the innocent investors of LVB tier 2 bonds.

0 have signed. Let’s get to 500!
At 500 signatures, this petition is more likely to be featured in recommendations!