📰 ET Markets 🏛️ RBI/POLICY 🕒 23 Oct 2026, 06:41 AM IST

Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case

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Core Development: Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case

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Market & Financial Impact: Nippon Life India Asset Management Company has obtained in-principle approval from Sebi regarding a settlement case involving mutual fund investments in Yes Bank's AT1 bonds. With a settlement payment of ₹96.8 crore, including management fee reversals, this comes after a show-cause notice was issued in August 2024 due to alleged non-compliance. The final ruling from Sebi is still anticipated by the company and its representatives.

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Actionable Insight: 🏛️ Policy & Macro: Interest rate, inflation, or regulatory changes affecting broad market valuations.

The company had received a show-cause notice from Sebi in August, 2024, in relation to investments made by some of Nippon's schemes in Yes Bank's AT1 bonds.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case

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