The Supreme Court has set aside YES Bank’s 2020 write-off of Additional Tier-1 (AT1) bonds worth ₹8,415 crore, a decision that triggers market fallout for the lender and reopens questions over potential fresh liability. Multiple outlets report that YES Bank shares fell sharply after the ruling, with figures ranging from about 10% to 14% and hitting lower circuit levels in some trading.
The case stems from the March 2020 write-down during YES Bank’s restructuring after its rescue. Bondholders challenged the move in the Bombay High Court, which had set aside the write-off in January 2023; that order was later stayed pending the Supreme Court’s final judgment. While some coverage focuses on who benefits and who bears the cost, others emphasize that the exact financial impact for YES Bank depends on the final order and subsequent calculations.
In an exchange filing dated October 15, YES Bank says it is reviewing the Supreme Court judgment and will provide further disclosures as required. The bank also states it disclosed relevant developments in the legal proceedings at different stages and is not aware of any undisclosed information beyond the judgment that would explain the share-price movement. Outlets also note media speculation about a possible payout figure, but that amount is not confirmed and remains subject to legal and financial clarification.
