YES BANK Reports Full Repayment of Restructured Project Loan Worth INR 1,480 Crore

Mumbai, February 1, 2025 – YES BANK (NSE: YESBANK, BSE: 532648) has disclosed that it has received full repayment of a project loan facility amounting to approximately INR 1,480 crores. The loan, originally sanctioned in 2018 for INR 1,950 crores, had been restructured under Para 4.2.15 of the Reserve Bank of India’s (RBI) Master Circular on Prudential Norms for Income Recognition, Asset Classification, and Provisioning (IRAC norms).

Key Highlights:​

• Loan Details: Originally approved for INR 1,950 crores in 2018.
• Restructuring: The loan underwent Scheduled Commercial Operations Date (SCOD) extension, leading to its classification as a Standard Restructured Advance per IRAC norms.
• Repayment: The borrower has now fully repaid INR 1,480 crores of the outstanding amount.
• Provision Reversal: The bank has released provisions corresponding to the repaid amount.
• Regulatory Compliance: The event has been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to its material impact.

YES BANK has emphasized that this repayment marks a significant improvement in its asset quality, with a positive impact on provisioning requirements. The move aligns with the bank’s ongoing efforts to strengthen its balance sheet and improve financial resilience.

The disclosure was made by Shivanand R. Shettigar, Company Secretary, YES BANK LIMITED.

This repayment is expected to have a favorable impact on the bank's financials, potentially enhancing investor sentiment and improving the bank’s provisioning coverage ratio.