Max Financial Services informs about clarification

09 Mar 2020

With reference to an article in the Economic Times today which states: ‘Interestingly the SBI Provident Fund holds Yes AT1 bonds along with Nippon MF, Templeton MF, UTI MF, Indiabulls, Max Fin and HNIs’, Max Financial Services has informed that this is a factually incorrect statement. Max Life Insurance or Max Financial have no exposure to Yes Bank AT1 bonds. Max Life's exposure is limited to Tier 2 bonds, which are totally safe as per the restructuring scheme announced by Reserve Bank of India. 

The above information is a part of company’s filings submitted to BSE.

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