Yes Bank asks India's Supreme Court to review ruling on AT-1 bond write-off
Yes Bank told Reuters it filed a review petition with India's top court against a ruling that set aside its write-off of 84.15 billion rupees in AT-1 bonds.
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what happened
India's Yes Bank said on Friday that it had filed a petition with the country's apex court asking it to review a judgment that overturned the lender's write-off of 84.15 billion Indian rupees, or about $893.81 million, of additional tier-1 bonds. The figure was converted at 94.1475 rupees to the dollar, according to Reuters.
A separate exchange filing issued at the same time confirmed that the review petition had been submitted, though it gave no further details on the bank's arguments.
why it matters
For investors, the case matters because it concerns the terms of AT-1 bonds, which count toward bank capital and typically carry higher risk. The court's eventual decision on the review could shape expectations for holders of these instruments and how markets view Yes Bank's capital position. The episode is confined to a single lender, so its broader market impact is likely to be limited.
market impact
Yes Bank and holders of its AT-1 bonds: the outcome of the review affects how these securities are valued
tags
instruments
sources
- India's Yes Bank files Supreme Court petition seeking review of AT-1 bond order — Reuters, 13 November 2026 at 15:37 UTC
- Yes Bank Files Review Petition Before Supreme Court Of India In Relation To Additional Tier-1 Bonds — Reuters, 13 November 2026 at 15:36 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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