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YES Bank AT1 holders postpone case after negotiations begin with RBI

YES Bank AT1 holders postpone case after negotiations begin with RBI

Wednesday, March 11, 2020, 2:36 PM

YES Bank's AT1 bond holders have decided to postpone the matter due for hearing in the Bombay High Court today after the RBI showed willingness to negotiate with them, people in the know said.Negotiations are on to convert a part of the Rs 8,800 crore bonds into equity and Axis Trustee is in the process of submitting a final proposal to the RBI.
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