What was filed
Yes Bank issued a further update on the Supreme Court judgment concerning its Additional Tier-1 (AT-1) Bonds, following earlier disclosures on 15, 16 and 18 October 2026. The bank said it is still examining the judgment in detail and evaluating all available options and steps going forward.
This is an interim update, not a resolution: the bank has not completed its evaluation and announced no final decision.
The coupon question
The core of the disclosure is coupon payment. The bank said that, under the terms of the AT-1 Bonds as set out in their respective Information Memoranda, it retains the right to exercise coupon discretion. It added that it has been receiving queries from certain bondholders about payment of the coupon.
A coupon payment date fell on 18 October 2026 for one series of AT-1 Bonds. Because its evaluation is incomplete, the bank said it will communicate its decision — on whether exercise of coupon discretion is required — only after finishing its assessment, which it expects to complete in due course, with further disclosures as required under the Listing Regulations.
Operations
The bank said its day-to-day operations and customer services continue seamlessly across all branches and digital channels without interruption. No figures on capital position, bond quantum or financial impact were provided in this filing.