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Yes Bank Service Stop 1 December, Big News For Their Customer
#yesbank# #service# #banking# #MutualFundsSahiHai# #worstbankofindia#
Yes Bank is returning to the bond market for the first time since the Indian private lender wrote off a risky local note in 2020, and has hired arrangers for a dollar issuance
Sumitomo-backed Yes Bank said it would have posted a $549 million loss in the fiscal second quarter had it recognized the impact of the top court’s verdict overturning the write-off of its riskier bonds.
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Indian lender Yes Bank said its key capital ratio could fall by about 2.5 percentage points after the country’s top court upheld a ruling against the bank’s decision to write-off riskier bonds in 2020.
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The Supreme Court dealt a blow to Yes Bank by overturning the permanent write-down of its high-risk bonds during a government-backed rescue in 2020, potentially exposing the private lender to fresh liabilities
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Kotak has suspended inflows into two debt schemes as it expects the value of Yes Bank's riskier bonds it holds to rise after the top court ruled in favor of investors
