India Court Verdicts Trigger Banking and Consumer Refund Waves

Banking Impact
- Yes Bank shares fell ~4% after Nomura cut the target price to Rs 18 following the Supreme Court’s AT1 bond decision. (source)

Consumer Refunds
- A Dubai man paid Rs 7,000 for matrimonial services and received unsuitable profiles; the platform was ordered to pay Rs 37,000. (source)
- An ATM card was used in the Philippines for a Rs 77,538 purchase; the court ordered a refund of Rs 41,852. (source)
- An Ahmedabad family left luggage abroad; Air India was ordered to reimburse Rs 2.5 lakh. (source)
- United India Insurance was directed to pay Rs 12 lakh for a truck stolen in 2016. (source)

Arbitration
- Tata Power won a US$490 million award against Kleros in a SIAC arbitration. (source)