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The Department of Telecommunications invoked YES BANK’s ₹281.44 crore bank guarantees issued for a borrower’s deferred spectrum payments. The borrower is in insolvency proceedings, with the bank’s claim admitted; YES BANK is evaluating legal options. Net exposure after existing provisions exceeds the regulatory materiality threshold.
Yes Bank Files Supreme Court Review In Rs 8415 Crore AT1 Case
Yes Bank Loses Supreme Court Appeal Over Rs 8,415 Crore AT1 Bonds
Yes Bank Receives ₹879 Crore Income Tax Refund After Appellate Win
Yes Bank Board Approves Up to ₹7,500 Crore Equity Raise Plan