India Supreme Court Upholds Order to Restore Yes Bank AT1 Bonds
The court upheld a ruling requiring Yes Bank to restore 84 billion rupees ($884 million) of additional Tier 1 bonds written off during its 2020 collapse.
By Ujjaini DuttaYes Bank NSE:YESBANK is being forced to revisit an existential crisis. Last week India's Supreme Court upheld a ruling ordering the $5.6 billion lender to restore 84 billion rupees ($884 million) of additional Tier 1 capital bonds written off as part of its 2020 collapse. The Reser…