Legal30 Oct 2026, 09:31 pm
Yes Bank: SC upholds AT-1 Bonds; Trustee demands reinstatement
AI Summary
Yes Bank Ltd has received a letter from Axis Trustee Services Limited, the trustee for its Additional Tier-1 (AT-1) Bonds, demanding the reinstatement of these bonds within three days. This follows a Supreme Court judgment on October 15, 2026, which upheld the Bombay High Court's decision to quash the write-off of ₹8,415 crore in AT-1 Bonds. The trustee has warned of contempt proceedings if the bank fails to comply. Yes Bank has responded, acknowledging the judgment and reiterating its commitment to comply with applicable law while examining the implications in detail. The bank will continue to make necessary disclosures.
Key Highlights
- Supreme Court upholds restoration of ₹8,415 Cr AT-1 Bonds.
- Trustee demands bond reinstatement within 3 days.
- Contempt proceedings threatened if bank fails to comply.
- Yes Bank committed to complying with SC judgment.
- Bank is examining judgment details and implications.
Price Impact
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