Yes Bank Weighs Legal Options After Supreme Court Calls ₹8,400 Crore AT1 Bond Write-Off Illegal

Yes Bank is evaluating its legal options after the Supreme Court ruled its ₹8,400 crore AT1 bond write-off illegal. The bank has said it has access to appropriate capital levers, while its CET1 ratio is expected to decline by 250 basis points and its Tier 1 ratio is projected to remain unchanged. Mayuresh Joshi, Head of Equity Research at William O’Neil India, shares his perspective on the potential capital impact, the outlook for Yes Bank shares and the implications for earnings stability. The verdict triggered a sharp sell-off in the stock. What lies ahead for Yes Bank?