Axis Trustee threatens contempt over Yes Bank AT1 bond restoration

Axis Trustee Services has given Yes Bank a 3-day deadline to restore ₹8,415 crore in written-off AT1 bonds, warning of contempt proceedings against the bank and its directors if ignored. Yes Bank acknowledged the notice but called the allegations baseless, saying it is examining the Supreme Court's Oct 15 judgment before determining permissible next steps.