Yes Bank is unlikely to pay coupons due this year on its AT-1 bonds, despite the Supreme Court overturning their 2020 ...
The Supreme Court confirmed the decision of the Bombay High Court regarding Yes Bank's AT1 bonds. This ruling impacts ₹8,415 crore in bonds written off during the bank's 2020 restructuring. The court ...
YES Bank’s ₹8,415-crore AT1 bond write-off, carried out during its 2020 reconstruction, has returned to the spotlight after the Supreme Court upheld a ruling quashing the decision. The verdict could ...
The Supreme Court of India has ruled the ​write-off of 84 billion Indian rupees ($884.37 million) of Yes ‌Bank additional tier-1 bonds as illegal, a Supreme Court lawyer ​related to the matter said on ...
SC held that Yes Bank’s administrator lacked authority to write off Rs 8,415 crore in AT-1 bonds after the final rescue plan dropped a crucial clause, while sharply criticising RBI oversight.
The Supreme Court’s Yes Bank AT1 ruling raises questions about investor risk, regulatory accountability and banking stability ...
In March 2020, as the RBI moved to rescue Yes Bank, thousands of crores of rupees invested in AT-1 bonds were written off. I spoke to retail investors who said they had been assured their money was ...
The Supreme Court upheld the decision setting aside Yes Bank's Rs 8,415-crore AT-1 bond write-off. The verdict pressures earnings and capital, although S P expects credit ratings to remain unaffected.
The Supreme Court's Yes Bank AT-1 bonds verdict highlights gaps in India's bank resolution framework and the need for clear ...
The Supreme Court on Thursday set aside the write-down of Yes Bank’s Additional Tier-1 (AT1) bonds worth Rs 8,415 crore, providing relief to institutional and retail bondholders whose investments were ...