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.

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