BusinessPhoto: Business StandardFund Managers Halt Yes Bank Bond Inflows After Supreme Court Ruling
Several Indian fund managers have paused new investments in debt and retirement funds holding Yes Bank's riskier bonds following a Supreme Court ruling favoring bond investors. The court overturned the 2020 permanent write-off of Additional Tier 1 bonds, potentially increasing their market value and fund net asset values. Kotak Mahindra and Nippon Life are reviewing the judgment and awaiting clarity on bond valuation. The ruling could lead to new liabilities for Yes Bank and benefits for bondholders.
Business Standard·


