Axis Trusteeship Gives Yes Bank Three Days to Restore AT-1 Bonds
Axis Trusteeship Services issued a notice on October 28 calling on Yes Bank’s MD and CEO and board to restore or reactivate AT-1 bonds written down in March 2020, aggregating Rs 8,415 crore.
Axis Trusteeship Services Ltd (ATSL) has issued a notice on October 28, 2026, calling upon Yes Bank’s MD & CEO and its Board of Directors to restore/reactivate within three days the AT-1 bonds, written down by the Bank’s then Administrator in March 2020, aggregating Rs 8,415 crore that have been re…