India Supreme Court Upholds Order Quashing Yes Bank AT-1 Bond Write-Off
The Supreme Court upheld the Bombay High Court judgment quashing Yes Bank’s Rs.8,415 crore AT-1 bond write-off.
New Delhi, Oct. 15 — The Supreme Court on Thursday upheld the Bombay High Court's ruling that quashed Yes Bank's Rs.8,415 crore write-off of AT-1 bonds, a setback for the private lender. The decision could affect how banks use these instruments to absorb losses during a financial crisis.