Supreme Court rules against Yes Bank's write-off of Rs 8,415 crore AT1 bonds

What happened: The Supreme Court upheld the Bombay High Court ruling on Yes Bank's AT1 bonds, confirming the administrator lacked authority to write down the bonds during the bank's 2020 restructuring. Key numbers: Rs 8,415 crore in AT1 bonds written off; write-off occurred in 2020. Why it matters: Yes Bank is now obligated to repay the bonds along with accrued interest. Bondholders had contested the write-off, citing mis-selling of the securities.

Supreme Court ruling against Yes Bank's Rs 8,415 crore AT1 bond write-off creates legal liability.

Supreme Court ruling against Yes Bank's Rs 8,415 crore AT1 bond write-off creates legal liability. — impact context not separately stored; see What changed.