Yes Bank says AT1 bond revival will not trigger any cash outflow
Yes Bank CEO Vinay Tonse said restoring 8,415 crore rupees of AT1 bonds is a balance-sheet change, and the bank still has room to grow.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Yes Bank CEO Vinay Tonse said the reinstatement of Rs.8,415 crore of AT1 bonds written down in 2020 will not involve a principal payment. He described it as a reclassification: the liability moves from reserves to borrowings, with no repayment and no cash leaving the bank, according to Mint, whose report was published by HT Digital Content Services.
The bank posted a net profit of Rs.1,080 crore for the quarter ended September, up 65% on year. It is still assessing the Supreme Court's 15 October ruling that upheld the reversal of the 2020 write-down. On a pro forma basis, CET1 is expected to fall about 240 basis points to 11.4% from 13.7%, and return on assets would drop to -4.3%. No final decision on raising fresh capital has been announced.
why it matters
The story matters for investors in Indian banks: on a pro forma basis the bank would post a loss, and a lower CET1 ratio raises the chance of a capital raise, which could weigh on the share price. Operating metrics stayed strong, with net interest income up 23% and advances and deposits growing 24% and 20%.
market impact
Yes Bank: possible capital raise and lower CET1 — pressure on the bank's shares
tags
instruments
sources
- Yes Bank's AT1 bond revival won't trigger cash outflow, says CEO Tonse — Moody's, 19 October 2026 at 09:20 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗