Economy
Yes Bank examines legal options after Supreme Court dismisses AT1 bond appeal
The Hindu1h
THE BRIEF
1
Yes Bank is reviewing legal options after the Supreme Court dismissed its appeal against the write-down of ₹8,415 crore in Additional Tier-1 (AT1) bonds.
2
The Supreme Court upheld the Bombay High Court's decision to set aside the write-down, which occurred in March 2020 following the bank's reconstruction.
3
The ruling means Yes Bank faces a liability of ₹8,415 crore, with a pro forma impact of 250 basis points on its Common Equity Tier-1 (CET1) ratio.