India Supreme Court Rules YES Bank’s ₹8,400 Crore AT1 Bond Write-Off Illegal
The Supreme Court ruled that YES Bank’s 2020 write-off of ₹8,400 crore in AT1 bonds was illegal and arbitrary, offering relief to bondholders.
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Yes Bank Ltd., the Mumbai-based private sector lender, could face a one-time results hit of ₹5,300 crore to ₹5,400 crore, following the Supreme Court's decision to set aside the write-off of the Additional Tier-1 bonds worth ₹8,415 crore, CNBC-TV18 has learnt from two people with direct knowledge o…
Stay upated with the latest news!!Supreme Court rules YES Bank’s AT1 bond write-off illegalLet’s begin with Yes Bank, where the Supreme Court has ruled that the ₹8,400 crore write-off of AT-1 bonds in 2020 was illegal and arbitrary. The decision offers relief to bondholders, but experts warn it cou…