Market regulator Security Exchange Board of India (SEBI) has imposed a penalty of Rs 25 crore on Yes Bank for allegedly mis-selling its AT-1 bonds. The private lender said that it will move the Securities Appellate Tribunal against the SEBI s order.
AT-1 bonds case: Yes Bank to appeal Rs 25 crore fine by Sebi
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AT-1 bonds case: Yes Bank to appeal Rs 25 crore fine by Sebi
PTI / Apr 12, 2021, 23:08 IST
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NEW DELHI: Private sector Yes Bank on Monday said it will move the Securities Appellate Tribunal against a Rs 25 crore fine imposed by Sebi for allegedly mis-selling its AT-1 bonds.
The announcement came hours after markets regulator Sebi imposed a penalty of Rs 25 crore on the lender in the case.
In a regulatory filing, the lender said the Bank shall be preferring an appeal before the Hon ble Securities Appellate Tribunal.
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