Yes Bank AT1 Bonds: Why the Supreme Court Reversed the ₹8,415 Crore Write-Down

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The Supreme Court has set aside Yes Bank’s 2020 write-down of ₹8,415 crore in AT1 bonds. Anirban Chowdhury speaks to Sugata Ghosh of The Economic Times about how AT1 bonds work, why the Court ruled against the write-down, what the judgment means for investors and regulators, and how the case compares with Switzerland’s Credit Suisse AT1 dispute See omnystudio.com/listener for privacy information.