SAT stays SEBI's ₹25 cr penalty order on YES Bank - The Hindu BusinessLine

SAT stays SEBI’s ₹25 cr penalty order on YES Bank
May 24, 2021
Case relates to mis-selling of AT-1 Bonds
The Securities Appellate Tribunal (SAT) has granted an interim stay on a penalty of ₹25 crore imposed by market regulator SEBI on YES Bank and three of its executives in the AT-1 Bond matter.
SEBI in its order on April 12 had penalised YES Bank and its executives for allegedly not informing investors of the risk factors while facilitating the sale of AT-1 bonds.
Risk factors known: SAT
“We prima facie find that the risk factor was already existing on the website, and it was in the knowledge of everyone. Considering the aforesaid,

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