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The Economic Times

Business

Akash Podishetti

Kotak Mutual Fund halts subscriptions in two Yes Bank AT-1 bond schemes after SC order

YES Bank Mutual Funds Bonds Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund has suspended subscriptions in two of its debt schemes holding Yes Bank's Additional Tier-1 (AT1) bonds, which were written down to zero during the lender's 2020 rescue, as the Supreme Court on Thursday overturned the controversial Rs 8,415 crore write-off.

The fund house said Kotak Medium Term Fund and Kotak Credit Risk Fund hold the bonds, which have carried zero valuations since March 2020. It suspended new subscriptions in both schemes earlier on Thursday, before the Supreme Court delivered its judgment.

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Prosecution for Threatening to Cut President's Face Off and Feed It to Stray Dogs Can Go to Jury

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The Independent UK

One subscription that gives you access to news from hundreds of sites

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Prosecution for Threatening to Cut President's Face Off and Feed It to Stray Dogs Can Go to Jury

Prosecution for Threatening to Cut President's Face Off and Feed It to Stray Dogs Can Go to Jury

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