Business · Markets · 8 hrs ago
Yes Bank bondholders await repayment details after Supreme Court ruling
The Supreme Court overturned Yes Bank’s 2020 bond write-off in a ruling on 15 October.
The case involves ₹8,415 crore in AT-1 bonds that the bank wrote off during its 2020 rescue.
Many investors say they put savings meant for retirement or family needs into the bonds after they were presented as safer, higher-interest alternatives to fixed deposits.
The ruling upheld a Bombay High Court decision that the bank’s administrator had no authority to write down the bonds.
It has raised investors’ hopes of recovering their money, but Yes Bank has not clarified when or how it will restore the investments.
Investors are still waiting for the bank to explain what happens next.
The Supreme Court overturned Yes Bank’s 2020 write-off of ₹8,415 crore in AT-1 bonds.
Nearly a month after the ruling, investors were still waiting for the bank to say when and how the bonds would be restored.
The court upheld a Bombay High Court order that the bank’s administrator had no authority to write down the bonds.
Investors described the bonds as savings intended for retirement and family expenses.
- Who
- Yes Bank AT-1 bondholders are awaiting repayment details.
- What
- The Supreme Court overturned the write-off of ₹8,415 crore in bonds, but Yes Bank had not clarified when or how they would be restored.
- When
- The Supreme Court ruled on 15 October. Investors were still waiting nearly a month later.
- Where
- India.
- Why
- The Supreme Court held that Yes Bank’s administrator had no authority to write down the bonds as part of the bank’s 2020 rescue.
This story does not have two clearly opposing sides.
Kumar Awasthi invested ₹1.3 crore in 13 AT-1 bonds.
Yes Bank wrote off the bonds.
The Supreme Court dismissed appeals by Yes Bank, the RBI and the Centre, upholding the Bombay High Court order.
Investors were still waiting for Yes Bank to clarify when and how the bonds would be restored.
- AT-1 bond write-off
- ₹8,415 crore
- Supreme Court ruling
- 15 October
- Kumar Awasthi’s investment
- ₹1.3 crore in 13 bonds
- Kaur family investment
- ₹50 lakh in five bonds
- Kailash Mishra’s investment
- ₹10 lakh
1 source
What people are saying
I had almost given up hope of recovering my investment after years of litigation.
My husband and I trusted the relationship manager, but in hindsight, it was obviously a mistake. That was our retirement fund, which we had kept safe.