From The Economic Times · Saloni Shukla · · 1m 30s
Yes Bank seeks Supreme Court review of Rs 8,415 crore AT1 bond write-down
Yes Bank plans Supreme Court challenge over Rs 8,415 crore AT1 bond write-down ruling.
In brief
Yes Bank plans Supreme Court challenge over Rs 8,415 crore AT1 bond write-down ruling. Yes Bank will seek Supreme Court review of the Rs 8,415 crore AT1 bond write-down verdict that was upheld by the apex court. Originally reported by The Economic Times.
Yes Bank to challenge Supreme Court ruling
Yes Bank plans to file a review petition in the Supreme Court against the apex court's judgment upholding the Bombay High Court order that set aside the write-down of Rs 8,415 crore of Additional Tier-1…
RBI evaluates legal options
The Reserve Bank of India is seeking legal opinion on whether to join Yes Bank in seeking a review of the Supreme Court ruling.
Board meeting on October 17
Yes Bank's board will discuss the Rs 8,415 crore AT1 bond payment at its October 17 meeting, impacting core capital.
Capital impact of bond reinstatement
Reinstating the bonds would reduce Yes Bank's Common Equity Tier-1 ratio by 250 basis points as of June 30, 2026, but Tier-1 ratio remains at 14%.
Supreme Court dismissed appeals
The Supreme Court dismissed appeals by Yes Bank, the RBI, and the government against the Bombay High Court order that set aside the bond write-down.
No immediate cash repayment
The judgment did not direct an immediate cash repayment of Rs 8,415 crore or quantify any liability from past coupons.
The main idea
Yes Bank will seek Supreme Court review of the Rs 8,415 crore AT1 bond write-down verdict that was upheld by the apex court.
