Yes Bank to seek review of Supreme Court ruling on AT1 bonds
Yes Bank plans to file a review petition against the Supreme Court verdict, while the Reserve Bank of India weighs joining the lender's legal challenge.
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what happened
Yes Bank plans to ask the Supreme Court of India to review its ruling, which upheld a Bombay High Court order quashing the March 2020 write-down of 8,415 crore rupees in Additional Tier-1 bonds. According to people familiar with the matter, the Reserve Bank of India is also considering whether to join the petition and is seeking legal opinion. Neither Yes Bank nor the RBI responded to a request for comment before publication.
Yes Bank's board meets on October 17 to review second-quarter results and will discuss the matter. In an exchange filing, the bank said it is reviewing the order and its implications, along with all available legal options.
why it matters
The 8,415 crore rupee payment would hit the bank's core capital and capital adequacy ratio rather than its net profit. Investors will watch the RBI's stance and the outcome of the litigation, since these will determine the accounting and capital treatment of the bonds.
market impact
Indian banking sector: capital risk for Yes Bank from the AT1 bond ruling
tags
instruments
sources
- Yes Bank Set to File Review Petition against SC Verdict — ru.tradingview.com, 17 October 2026 at 04:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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