SC ruling clarifies Yes Bank AT-1 bonds as debt, raises questions on repayment: Ashvin Parekh

Investors, mutual funds and institutions may benefit from the Supreme Court’s verdict on Yes Bank’s AT1 bonds, but several implementation questions remain.

Investors, mutual funds and institutions may benefit from the Supreme Court’s verdict on Yes Bank’s AT1 bonds, but several implementation questions remain.

Bitcoin recovered above $82,000 after dropping below $80,000, aided by a softer dollar and lower US Treasury yields, despite ongoing inflation concerns and institutional outflows.

The 20% upper circuit seen in shares of Onward Tech has taken it to a 52-week high level of ₹427.4. The 53% surge seen in the last one month has ensured that the stock has turned positive year-to-date.

Apart from the International Finance Corporation, Bajaj Life Insurance, Aditya Birla Sun Life Insurance Company and HDFC Life Insurance Company Ltd. are the other three allottees as part of the preferential issue.

Federal Bank reported its second quarter earnings on Friday, October 16.
BSE member Ramesh Damani expects Jio Platforms’ IPO to be well received, citing its scale, execution and potential in value-added digital services.

CCL Products shares do not have a “sell” recommendation from any of the 12 analysts who have coverage on the stock after its September quarter results. Eight out of those 12 have a “buy” rating, while four have a “hold”…

Citi remains cautious on information technology services due to intense competition and margin pressures, while favouring healthcare and large private banks.

As capital rotates out of the US and countries like South Korea and Taiwan see their MSCI weightings drop, India’s sheer scale will attract a larger share of global equity flows, Ramesh Damani told CNBC-TV18 in an exclusive interaction.

Yes Bank’s ₹8,415 crore AT-1 bond write-off has been set aside by the Supreme Court. Here is how AT-1 bonds work, why banks issue them and the risks investors face.