Supreme Court upholds Bombay HC ruling on YES Bank AT1 bond write-down

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YESBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.4%Reaction day

₹18.12

prior close

₹17.69

announcement price

After-mkt

timing

Nifty Midcap 150market-0.1%-3.3% vs market

Private Sector Bank peers, median of 19sector+0.2%-3.6% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Midcap 150 and 3.6 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

+0.5

15m

+1.0

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.4-0.1-3.3+0.2-3.6

Next day

-6.8-1.2-5.7-0.1-6.7

-9.4-2.6-6.9-1.5-7.9

-11.4-3.3-8.1-2.4-9.0

-12.8-5.3-7.5-4.7-8.1

-12.5-4.3-8.1-5.5-7.0

-14.0-3.2-10.8-5.5-8.4

15d

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UpDownMarket · Nifty Midcap 150Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Supreme Court on October 15, 2026 upheld the Bombay High Court January 2023 ruling that set aside the AT1 bond write-down of 8,415 crore done during YES Bank March 2020 reconstruction. Appeals by the Bank, RBI and Union of India were dismissed. Annual coupon payments remain unaffected. Pro-forma CET1 ratio impact is about 250 basis points lower, while Tier 1 ratio stays at 14.0 percent. Bank is reviewing all legal options.

Likely market impact

Potential reinstatement of 8,415 crore AT1 bond principal could reduce CET1 ratio by about 250 basis points. Bank exploring legal options.