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Today, I write about the struggle of 400 ordinary investors in Yes Bank AT1 bonds and their victory against some of India's biggest institutions. Many of these people middle class. They had saved money their entire lives only to find it gone, one fine day on 14th March 2020.
A single day's delay in writing off AT1 bonds seems to have cost Yes Bank Rs 8,400 crore. How? The Bombay HC judgment elaborates. On 6th March 2020, RBI put out a draft reconstruction scheme which explicitly provided for write off of AT1 bonds. It invited comments on the draft
@deepakshenoy I hope you are joking. Hope you take this down very soon. You have no idea what Yes Bank did to its retail customers...
Please behave like the one I respect and had followed....
When will u return senior citizens AT1 bond holders money ?? @YESBANK do u have any plan or your eyes are still closed and don’t want to accept the reality?
@YESBANK@pk63@nsitharaman@FinMinIndia@pk63 Have you also appraised FM that as a dutiful servant, you have crushed spirit and soul of countless sr. citizens, veterans & made them suffer at fag end of their lives by gobbling their AT1 bonds, bought with their hard earned money? Wonder how you get sleep in night.
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