Indian top court deems Yes Bank AT1 bond write-off illegal
India's Supreme Court found the write-off of Yes Bank AT1 bonds worth 84 billion rupees illegal, a lawyer involved in the case told Reuters.
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India's Supreme Court found the write-off of Yes Bank AT1 bonds worth 84 billion rupees illegal, a lawyer involved in the case told Reuters.
2 sources · Newsmetry API
The Supreme Court ruled against Yes Bank's write-off of ₹8,400 crore in AT-1 bonds, and the stock fell more than 8% on Thursday, October 15.
1 source · cnbctv18.com