Background and Context
The disclosure references prior submissions made on 15 October 2026 and 16 October 2026 to both BSE Limited and National Stock Exchange of India Limited, and a separate disclosure dated 18 October 2026 submitted to BSE's debt segment regarding the Supreme Court judgment on Tier 1 (AT-1) Bonds.
Current Status and Assessment
The Bank is continuing to examine the Supreme Court judgment in detail and is evaluating all available options and suitable actions/steps going forward. The assessment process is ongoing and not yet completed.
Coupon Disclosure and Bondholder Queries
The Bank confirms that under the terms of the AT-1 Bonds (as per their respective Information Memoranda), it retains the right to exercise coupon discretion. The Bank has been receiving queries from certain bondholders regarding payment of the coupon on its AT-1 Bonds.
Specifically, for the 9% YBL AT-1 Bonds with an Information Memorandum dated October 17, 2017, the coupon payment date was 18 October 2026.
Future Communication and Timeline
The Bank will communicate its decision on whether to exercise coupon discretion after completing its evaluation and assessment, which it expects to complete "in due course." No specific timeline for completion is provided beyond this expectation.
Operational Assurance
The Bank assures that its day-to-day operations and customer services continue seamlessly across all branches and digital channels without any interruption.