Private sector lender Yes Bank Ltd said the Reserve Bank of India (RBI) has temporarily disallowed it from paying interest on its tier-II bonds due on 29 June, due to its weak capital position.
In a regulatory filing on 20 June, the bank said that in terms of the information memorandum dated 25 June 2012, the interest due and unpaid amount shall be accumulated and be paid by the bank later, subject to compliance with regulatory requirements.