BSECompany Update4d ago · 15 Aug 2026, 11:48 pm
Intimation regarding Invocation of Bank Guarantee issued in favour of Department of Telecommunications - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) ....
Yes Bank Ltd · 532648
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Yes Bank Ltd has received a notice from the Department of Telecommunications to invoke bank guarantees worth Rs. 281.44 crores. The bank has already admitted the claim in the ongoing insolvency proceedings. The bank is evaluating its course of action in consultation with legal advisors.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment2/10
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Yes Bank Ltd - 532648 - Intimation Regarding Invocation Of Bank Guarantee Issued In Favour Of Department Of Telecommunications - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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YBL/CS/2026-27/79
August 15, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot no. C/1, G Block, Corporate Relations Department
Bandra - Kurla Complex, Bandra (E) P.J. Towers, Dalal Street
Mumbai - 400 051 Mumbai – 400 001
NSE Symbol: YESBANK BSE Scrip Code: 532648
Dear Sir/ Madam,
Sub: Intimation regarding Invocation of Bank Guarantee issued in favour of Department
of Telecommunications - Disclosure under Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”)
YES BANK Limited (“The Bank”) has outstanding Bank Guarantees (“BGs”) aggregating to
Rs. 281.44 crores (issued in 2018) in favour of Department of Telecommunications (“DoT”) on
behalf of a borrower, towards securing deferred annual spectrum payment obligations. The
borrower is currently undergoing a corporate insolvency resolution process under the
Insolvency and Bankruptcy Code, 2016, and is under the management of the Resolution
Professional (“RP”) since 2018. The Bank’s claim for the above BG amount has already been
admitted in the ongoing insolvency proceedings.
DoT has now invoked the BGs vide its letter dated August 14, 2026. Given the already ongoing
insolvency proceedings, The Bank is evaluating appropriate course of action in consultation
with its legal advisors on this invocation.
Given the above and since the net exposure (aggregate amount invoked less the provision
already held by the Bank) exceeds the materiality threshold prescribed under the amended
Listing Regulations, this disclosure is being made under Regulation 30.
The weblink of BSE Limited and National Stock Exchange of India Limited providing the
above information is being hosted on the Bank’s website www.yes.bank.in pursuant to Listing
Regulations, as amended.
This intimation is being submitted for your information and appropriate dissemination.
Thanking you,
Yours faithfully,
For YES BANK LIMITED
Sanjay Abhyankar
Company Secretary