Yes Bank AT-1 bondholders still await clarity on their money nearly a month after SC verdict

Livemint reported that investors in Yes Bank's AT-1 bonds are still waiting for the bank to restore their ₹8,415 crore, nearly a month after the Supreme Court overturned the 2020 write-off of these bonds. The report gives no date for a decision and does not say what the bank has told bondholders so far. AT-1, or Additional Tier-1, bonds are a type of perpetual bond that banks issue to build up core capital; they carry no fixed maturity date and can be written off when a bank's capital falls below a set level. The 2020 write-off meant holders lost the money on paper. The Supreme Court set that aside, but the report says the money has not yet come back to them. The headline does not say how many bondholders are affected or what the bank's next step is.

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