Rs 8,415 crore written off, 6 years of waiting: Yes Bank AT-1 bondholders finally win

In March 2020 as the RBI moved to rescue Yes Bank thousands of crores of rupees invested in AT-1 bonds were written off I spoke to retail investors who said they had been assured their money was safe some of whom had gone to the bank looking to make fixed deposits Six years later the Supreme Court has upheld the quashing of the write-off Revisiting the people who faced losing their savings what they were sold and why this verdict matters far beyond Yes Bank