YES Bank Legal & Regulatory
The Supreme Court upheld the Bombay High Court's decision setting aside the write-down of YES Bank's AT1 Bonds worth ₹8,415 Crore. The bank expects a 250 bps impact on its CET1 ratio.
- Value
- ₹8,415 Cr
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The Supreme Court upheld the Bombay High Court's decision setting aside the write-down of YES Bank's AT1 Bonds worth ₹8,415 Crore. The bank expects a 250 bps impact on its CET1 ratio.
Yes Bank received a tax order from income tax authorities, determining a refund of Rs. 363 Crores for AY 2017-18.
Yes Bank's GST penalty was reduced to Rs 2.33 Crore on appeal. The bank expects no material financial impact and will contest the order further.
Yes Bank announced the invocation of a Rs. 281.44 crore bank guarantee by the Department of Telecommunications regarding a borrower currently undergoing insolvency proceedings.