Yes Bank Q2 FY27 Results: Board Approves Un-audited Financials; Auditors Issue Modified Opinion
Yes Bank's Board approved Q2 FY27 unaudited standalone and consolidated financial results on October 17, 2026. Auditors issued a modified opinion due to a Supreme Court judgment on AT1 Bonds write-down (₹8,415 crore). The bank is assessing the financial impact.
The Supreme Court's upholding of the Bombay High Court's decision on the AT1 Bonds write-down, involving a substantial amount of ₹8,415 crore, has a high impact due to its potential to significantly alter the bank's financial position and regulatory standing.
The modified opinion from the auditors, specifically concerning the Supreme Court's decision on the AT1 Bonds write-down, introduces significant uncertainty and potential financial implications for the bank, negatively impacting the overall sentiment.
YES Bank Limited (the Bank) announced the outcome of its Board Meeting held on Saturday, October 17, 2026. The Board considered and approved the Un-audited Standalone and Consolidated Financial Results for the Quarter (Q2) and Half Year ended September 30, 2026.
The Joint Statutory Auditors have issued a modified opinion on the standalone and consolidated financial results for the aforementioned periods. The modification pertains to a Supreme Court judgment dated October 15, 2026, which upheld the Bombay High Court's decision dismissing the Bank's appeal regarding the write-down of Additional Tier 1 (AT1) Bonds amounting to ₹8,415 crore. The Bank is currently evaluating the consequential implications of this judgment, and its potential financial impact has not yet been recognized in the reported financial results.
The Bank confirmed that the proceeds from the non-convertible debt securities have been fully utilized as per the Information Memorandum. Furthermore, the Bank has no outstanding secured listed non-convertible debt securities as of September 30, 2026, rendering certain disclosure requirements under Regulation 54 of the Listing Regulations inapplicable.
The Board Meeting commenced at 10:00 AM, with the financial results discussion starting at 04:30 PM and concluding at 07:10 PM on October 17, 2026.
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