The Yes Bank deal was intended to protect the interests of depositors first and foremost and that is what the deal has focused on. The risk capital comes next. The depositors are the key to the faith and trust reposed in the banking system and that could not be compromised. By asking SBI to come in and take a 49% stake in Yes Bank by infusing Rs.2500 crore of capital, the RBI and the government have ensured that the integrity of the financial system in India is upheld. The RBI deal also clarifies that the AT1 perpetual bond holders to the tune of Rs.9300 crore will get nothing. Of course shareholders are unlikely to get anything substantial if the perpetual bonds are themselves going to get nothing. Most importantly, the book of Yes Bank will protected but the final approval will be given only after the total assessment is done by the administrator appointed by the RBI.