ET explainer: Yes Bank and the AT-1 bonds saga, what next for investors?

In what came as a positive development for retail & institutional investors, the Bombay High Court last week invalidated the write-off of additional Tier-1 (AT1) bonds issued by private lender Yes Bank. Its CEO Prashant Kumar on Saturday said that the company has legal grounds to appeal against the court order.

from Banking/Finance-Industry-Economic Times https://ift.tt/uQ0TfXS