Yes Bank House in Mumbai. (Source: Vijay Sartape/BQ Prime)
The Reserve Bank of India may choose to be a party or at least seek to be heard in court when Yes Bank files its appeal against the Bombay High Court verdict against the write-off of additional tier-1 bonds in March 2020, according to a senior banking industry executive.The RBI will seek to provide the regulator’s perspective on the issue, including how the tier-1 bonds can be written down in event of stress in a bank, without seekin...