Banking
SC Upholds Quashing of Yes Bank AT-1 Bond Write-Off
15 October 2026 · www.business-standard.com
The Supreme Court dismissed appeals by Yes Bank, RBI, and the Centre, upholding the Bombay High Court's order that quashed the write-off of ₹8,415 crore worth of AT-1 bonds. The dispute arose from the RBI's 2020 reconstruction scheme, under which the bonds were written down.
Points to Remember
- Supreme Court Bench of Justices Dipankar Datta and AG Masih dismissed appeals by Yes Bank, RBI, and the Government.
- The Bombay High Court's January 2023 judgment quashing the AT-1 bond write-off was upheld.
- The write-off involved AT-1 bonds worth ₹8,415 crore under the Yes Bank Reconstruction Scheme, 2020.
- Yes Bank shares fell up to 20% intraday, closing 14.15% lower at ₹18.21 on NSE.
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