Yes Bank disclosed that the Supreme Court of India has upheld the write-down of ₹8,415 crore in Additional Tier-1 (AT1) bonds. The judgment, delivered on October 15, 2026, dismisses appeals filed by the bank, the Reserve Bank of India, and the Union of India against the Bombay High Court's earlier ruling.

This decision confirms the validity of the Administrator's March 2020 action during the bank's reconstruction. The Court directed that annual coupon payments remain unaffected by this outcome and must be made per the Information Memoranda. Parties were left to bear their own costs, and any interim orders stand vacated.

Capital Adequacy Implications

The bank noted that while it is examining the judgment for legal options, the financial impact on capital ratios has been outlined in its disclosure. The reinstatement of the AT1 principal amount would significantly alter the Common Equity Tier 1 (CET1) ratio, though the overall Tier 1 ratio remains stable.

What the Numbers Show

A key divergence emerges between the CET1 and Tier 1 ratios. While the CET1 ratio faces a substantial ~250 bps reduction due to the potential reinstatement of the AT1 principal, the Tier 1 ratio remains unimpacted at 14.0%. This indicates that the capital structure maintains resilience at the Tier 1 level despite the significant adjustment to the core equity component. The bank stated it retains access to appropriate capital-management levers and flexibility for additional capital actions to pursue growth objectives.

Next Steps

Yes Bank respects the judgment and is currently reviewing the order to evaluate all available legal options and suitable actions going forward. The institution emphasized its continued focus on franchise strength and customer service. No immediate operational disruptions were reported, with the bank committing to make further disclosures as necessary.

Yes Bank shares worth ₹85.69 crore were flagged by a real-time trade-scanning system after approximately 4,89,95,038 shares changed hands on the NSE at a price of ₹17.49 per share.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Large-trade signal details

The following table summarises the key parameters of the flagged activity:

The signal reflects a cluster of trades in Yes Bank shares printed within a short window at or near ₹17.49, flagged for size and speed by the scanning system. No buyer, seller, broker, or client identity is known at this stage, as such disclosures are made only by the exchange after market close.

What this signal is, and is not

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.