The Honourable Supreme Court's judgment in the Yes Bank AT1 bond matter, delivered on Thursday, has restored the Yes Bank AT1 Bonds. Kotak Mahindra AMC is reviewing the judgment and will determine the appropriate course of action.
FinTech BizNews Service
Mumbai, 15 October, 2026: The Honourable Supreme Court today delivered its judgment in the Yes Bank AT1 bond matter. Kotak Mahindra AMC has today issued a statement with regard to this matter.
"Kotak Medium Term Fund and Kotak Credit Risk Fund hold Yes Bank AT1 bonds that were valued at zero following their writ e-off during the reconstitution of Yes Bank in March 2020.
Earlier today, we proactively suspended subscriptions in both funds as a prudent measure to safeguard the interests of our investors. The Honourable Supreme Court's judgment in the Yes Bank AT1 bond matter, delivered later in the day, has restored the Bonds. We are reviewing the judgment and will determine the appropriate course of action.
We have taken similar proactive measures in the past and remain committed to acting in the best interests of our unitholders."
