YES Bank files review petition in SC over ₹8,415 crore AT-1 bond write-down

What happened: YES Bank filed a review petition in the Supreme Court seeking review of its 15 October order upholding a Bombay High Court ruling against the write-down of ₹8,415 crore of AT-1 bonds. Key numbers: ₹8,415 crore AT-1 bonds. Shares ended 0.3% lower at ₹17.42. Pro forma impact of about 240 basis points on CET-1 ratio. Capital adequacy ratio 14.5% and CET-1 ratio 13.7% as of 30 September. Why it matters: The petition could prolong the wait for bondholders, and reinstating the bonds is expected to have a significant capital and margin impact for the lender.

YES Bank filed a review petition in the Supreme Court seeking review of its 15 October order upholding a Bombay High Court ruling against the write-down of ₹8,415 crore of AT-1 bonds.

The petition could prolong the wait for bondholders, and reinstating the bonds is expected to have a significant capital and margin impact for the lender.