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 ...
Yes Bank shares witnessed sharp selling after the Supreme Court's ruling to quash ₹8,415 crore AT-1 bond ...
The Print on MSN
Yes Bank AT-1 bonds: Why SC ruled against Rs 8,415 cr write-off and called RBI ‘mere bystander’
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.
Yes Bank could face a one-time earnings impact of ₹5,300 crore to ₹5,400 crore after the Supreme Court invalidated its ₹8,415 crore AT1 bond write-off. The lender is evaluating accounting adjustments ...
The Supreme Court’s Yes Bank AT1 ruling raises questions about investor risk, regulatory accountability and banking stability, while creating fresh capital challenges for the recovering lender.
India Today on MSN
Rs 8,415 crore written off, 6 years of waiting: Yes Bank AT-1 bondholders finally win
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 ...
NDTV Profit on MSN
Supreme Court Sets Aside Yes Bank's Rs 8,415 Crore AT1 Bond Write-Off In Big Win For Bondholders
The ruling comes nearly five months after the apex court reserved its order on May 20, following arguments from the Centre, the Reserve Bank of India, Yes Bank and bondholders.
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 ...
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