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Source: Economic Times
Economic Times
Source
RBI & Policy
Category
4 min
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15 Oct
Published
RBI & Policy
4 min read· Economic TimesSupreme Court upholds Bombay HC ruling quashing YES Bank's Rs 8,415 crore AT1 bond write-off
The Supreme Court has confirmed the Bombay High Court's verdict that invalidated YES Bank's write-off of AT1 bonds totaling Rs 8,415 crore, part of a March 2020 restructuring plan. Investors, both institutional and retail, took their grievances to the High Court, leading to YES Bank, the RBI, and the Centre appealing t…
The Supreme Court has confirmed the Bombay High Court's verdict that invalidated YES Bank's write-off of AT1 bonds totaling Rs 8,415 crore, part of a March 2020 restructuring plan. Investors, both institutional and retail, took their grievances to the High Court, leading to YES Bank, the RBI, and the Centre appealing t
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Source: Economic Times