Yes Bank to challenge AT1 bond verdict in review plea
Yes Bank planned a Supreme Court review petition against the ruling overturning its ₹8,415 cr AT1 bond write-down. OI Charts data showed a 3.4% fall, short build-up and max pain at ₹20 for the 27 Oct expiry.
after close1 source ↓machine-written, see hownot a recommendation
- YESBANK close
- ₹17.50
- On the day
- -3.42%
- Futures OI, short build-up
- +1.9%
- Put-call ratio
- 0.59
- Max pain
- ₹20.00
Yes Bank is set to file a review petition in the Supreme Court after the apex court upheld the Bombay High Court ruling that set aside the March 2020 write-down of ₹8,415 cr of Additional Tier-1 bonds. The Reserve Bank of India is separately evaluating whether to join the lender’s plea after seeking legal advice on the judgment. ⚖️
The ruling keeps the legal and accounting treatment of the AT1 instruments unresolved for the bank. The write-down formed part of Yes Bank’s 2020 reconstruction process, which was supported by the RBI. A review petition would be the lender’s next legal remedy before it takes a final decision on how the bonds should be reflected in its capital position. Any reversal or recognition obligation could affect regulatory capital, while continued uncertainty keeps the issue relevant for investors in the banking sector 💼.
OI Charts data for 16 Oct 2026 showed the stock closing at ₹17.50, down 3.4% on the day, on volume of 373,615,017. The decline extended the recent weakness: the stock fell 14.6% over five sessions and 24.3% over 20 sessions. It traded close to its 52-week low of ₹16.96 recorded on 15 Oct 2026, compared with a 52-week high of ₹25.78 on 18 Jun 2026.
Futures short build-up accompanied the fall, with futures open interest rising 1.9% and the contract trading at a 0.63% premium to the underlying. The put-call ratio stood at 0.59. For the 27 Oct 2026 expiry, max pain was ₹20.00; the largest call open interest was at ₹20.00, while the largest put open interest was at ₹21.00. These levels frame the near-term derivatives positioning, but the legal filing and any RBI decision remain the key developments to watch. 📉
The next catalysts are the filing of the review petition, the RBI’s decision on whether to participate, and any clarification on the accounting and capital treatment of the AT1 bonds. The Supreme Court’s response will determine whether the matter moves beyond the current judgment or remains binding on the bank.
Source: TradingView, 17 Oct 2026
Not investment advice. For informational purposes only.