RegulatoryBusinessLine
Yes Bank moves Supreme Court to review bond write-off
Negative-1002 sources
GreyOak summary
Yes Bank filed a petition in the Supreme Court seeking a review of a judgment that set aside the write-off of ₹8,415 crore in its AT-1 bonds. The Supreme Court had previously upheld a Bombay High Court ruling stating the write-off was impermissible. Axis Trustee Services had alleged the bank failed to provide a roadmap for restoring the bonds.
What it affects
- Yes BankYESBANKNegative -100
Yes Bank seeks Supreme Court reviewRolling sentiment Negative -40
Source
Read the original at BusinessLineMore Yes Bank news
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