Monday, February 13, 2023

RBI, Yes Bank move SC against HC order setting aside ₹8.4k cr AT-1 bonds writeoff

Institutional investors such as mutual funds, including Reliance Nippon, and individuals had put as much as ₹8,415 crore in Yes Bank's AT-1 bonds. Subsequently, the bank's AT-1 retail bondholders moved court to challenge the decision and reclaim their money.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-yes-bank-move-sc-against-hc-order-setting-aside-8-4k-cr-at-1-bonds-writeoff/articleshow/97888729.cms

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