The Supreme Court has concluded hearings in the Additional Tier-1 (AT1) bond write-down case involving Yes Bank, with a verdict expected soon. After the bank’s near-collapse in 2020, around ₹8,415 crore was written down, triggering lawsuits by investors. Yes Bank says it does not anticipate a material financial impact from the ruling.
Stocks closed lower on Friday as Reliance Industries, HDFC Bank, and Infosys weighed on the benchmarks. Yet a handful of names bucked the trend. Yes Bank rose on expectations of new funding, CG Power gained after launching OSAT, and Relaxo Footwear surged amid renewed optimism around GST developments.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Nippon Life India Asset Management is set to pay more than 96 crore rupees to settle SEBI charges tied to alleged investments of customer funds into high-risk Yes Bank bonds. The move is said to have contributed to large investor losses after Yes Bank was declared insolvent. The settlement includes funds expected to be returned to affected investors, with allegations of external influence in the decisions.
A Sebi report has reopened the Indiabulls YES Bank saga, citing prima facie evidence that loans were routed between promoter-linked entities via IHFL and other NBFCs on a quid pro quo basis. The findings were reportedly sent to the banking regulator in 2022. Sammaan Capital argues such SPV-backed lending is common in real estate and denies any link to Sameer Gehlaut.
Yes Bank’s 2020 bailout restored stability, but rewards and losses were uneven. SBI converted an INR 2,450 crore lifeline into roughly a 3.6x gain, while retail AT1 bondholders were wiped out and still haven’t been compensated. The episode questions how India protects investors when systemic safety comes first—and whether the balance will shift.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
