The Bombay high court on Friday set aside a March 2020 decision by the banking regulator and the Yes Bank administrator to write off ₹8,415 crore worth of the bank's additional tier-1 bonds as part of a bailout for the private lender.
Reserve Bank of India directed the Yes Bank administrator to write off these bonds as part of a restructuring scheme to save the bank from collapse, in a rescue led by the State Bank of India. Following the decision, a clutch of aggrieved retail bondholders challenged the move in court.
Denne historien er fra January 21, 2023-utgaven av Mint Mumbai.
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Denne historien er fra January 21, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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