BusinessPhoto: NDTVSupreme Court Overturns Yes Bank Bond Write-Off, Shares Fall 15%
India's Supreme Court overturned the permanent write-off of Yes Bank's riskier bonds from a 2020 government-backed rescue, potentially exposing the bank to fresh liabilities. The bonds, worth about Rs 8,400 crore, were written off under RBI supervision. The ruling raises questions about losses imposed on bondholders during bank rescues and may require new capital from shareholders, including Japan's Sumitomo Mitsui Banking Corp., which owns 24.9% of Yes Bank.
NDTV·


