The trustee warned of contempt proceedings against the bank and its directors over alleged non-compliance with the Supreme Court ruling setting aside the Rs 8,415 crore AT1 bond write-off
The lender is evaluating the Supreme Court judgment setting aside the Rs 8,415 crore AT-1 bond write-off and will communicate its decision on coupon payments in due course.
Nippon Life India AMC received in-principle regulatory approval to settle the Yes Bank AT-1 bond case after paying ₹96.76 crore, while its September-quarter net profit fell nearly 6%.
The lender says its capital buffers, deferred tax assets and other options provide flexibility even as the reinstatement of Rs 8,415 crore in AT1 bonds may lower its CET1 ratio
Stocks to watch: HDFC Bank, ICICI Bank, YES Bank, Axis Bank, Bajaj Finance, DLF, OMCs, NTPC, Bajaj Auto, Oberoi Realty, and more stocks will be in focus today.
The Supreme Court's ruling on Yes Bank's AT-1 bond write-off raises concerns over RBI oversight, financial product mis-selling and the limitations of disclosure-based regulation.
Q2FY27 company results: Firms including IDBI Bank, Central Bank of India, Punjab & Sind Bank, India Cements, and Ixigo are also to release their July-September earnings today
The bank said it is reviewing the Supreme Court order that upheld the Bombay High Court's decision to quash the write-off of AT-1 bonds during its reconstruction phase
Kotak Mahindra Asset Management and Nippon Life India Asset Management have paused fresh investments as they review how SC's decision to overturn the 2020 AT1 bond write-off could affect valuations
The Supreme Court upheld the Bombay High Court's decision to quash Yes Bank's ₹8,415-crore AT1 bond write-off, ruling that the administrator lacked the legal authority.
Supreme Court ruling on the ₹8,415-crore AT-1 bond write-off could reduce Yes Bank's net worth by up to 26% and its CET-1 ratio to 10%, according to Anand Rathi's analysis
The dispute dates back to March 2020, when Yes Bank wrote down AT-1 bonds worth ₹8,415 crore to zero as part of its rescue and reconstruction, wiping out bondholders' investments.
The dispute stems from the RBI-led reconstruction plan for Yes Bank in March 2020, under which AT1 bonds worth more than ₹8,300 crore were written down.
The bank's campaign for the Aichi-Nagoya Games includes a film airing in seven languages on more than 25 TV channels, alongside print, outdoor and digital advertising
Private sector lender is likely to use the funds to replace high-cost deposits and support incremental lending, with most raised in three- and five-year buckets
Midcap bank stocks - Yes Bank, IndusInd Bank and Bank of India are trading up to 50-94% away from their respective all-time highs even as the Nifty Midcap quotes at new peaks, shows data.
SMBC's 24.9 per cent stake brings strategic value through enhanced corporate banking capabilities, governance practices, risk management and cross-border opportunities
