印度最高法院对Yes Bank Ltd.造成打击，推翻了其在2020年政府支持的救援过程中对高风险债券的永久核销，可能使该私人贷款机构面临新的负债。该贷款机构股价下跌。
India’s top court dealt a blow to Yes Bank Ltd. by overturning the permanent write-down of its high-risk bonds during a government-backed rescue in 2020, potentially exposing the private lender to fresh liabilities. Shares of the lender slumped.
这些债券被称为附加一级资本或AT1证券，作为印度储备银行在2020年3月监督的重组的一部分被核销。此举是印度首次此类操作，抹去了投资者持有的约840亿卢比债券。
The bonds, known as Additional Tier 1 or AT1 securities, were written off as part of a restructuring overseen by the Reserve Bank of India in March 2020. The move, the first of its kind in India, wiped out about 84 billion rupees of bonds held by investors.
AT1证券计入银行的监管资本，但在某些条件未满足时可以被核销。在银行失败时，它们的顺位低于其他债务工具，使投资者面临潜在的重大损失。
AT1 securities count toward banks’ regulatory capital but can be written off if certain conditions are not met. They rank below other debt instruments in the event of a bank failure, exposing investors to potentially substantial losses.
孟买高等法院在2023年因程序失误撤销了该核销决定，但未就债券本身的优劣作出裁决。Yes Bank随后在最高法院对该决定提出挑战。
The Bombay High Court had set aside the write-down in 2023, citing procedural lapses without ruling on the merits of the bonds themselves. Yes Bank subsequently challenged that decision in the Supreme Court.
Yes Bank股价一度下跌7.8%至19.55卢比，为自2025年6月以来的最大单日内跌幅。
Yes Bank shares fell as much as 7.8% to 19.55 rupees, their biggest intra-day dip since June 2025.
前首席执行官普拉尚特·库马尔在2023年表示，该贷款机构未就该争议可能产生的负债计提准备金，引用支持其立场的法律建议。
Former Chief Executive Officer Prashant Kumar said in 2023 that the lender hadn’t made provisions for potential liabilities arising from the dispute, citing legal advice supporting its position.