Yes Bank Ordered to Restore $884 Million of AT1 Bonds Written Off in 2020
Sumitomo-backed Yes Bank has been ordered to restore $884 million of AT1 bonds written off during its 2020 rescue, according to the report.
By Ujjaini DuttaSumitomo-backed Yes Bank has been ordered to restore $884 mln of AT1 bonds written off in its 2020 rescue. Their role was a comedy of errors from start to finish. The irony is that the lender's turnaround has made it strong enough to take this latest, painful hit in its stride.Full…