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News 2026-10-15 09:08 UTC

BUZZ — India's Yes Bank slumps after Supreme Court ruling on AT1 bonds

* Shares of India's Yes Bank fall 10% to 19.08 rupees * Stock drops after Supreme Court upholds Bombay High Court ruling quashing write-off of 84 billion rupees ($884.47 million)worth of company's additional tier-1 (AT1) bonds * Supreme Court holds write-off of AT1 bonds by Yes Bank's administrator illegal and arbitrar