Yes Bank shares slid 15% to ₹18.12 on Thursday, slashing ₹10,000 crore from its market cap.
The plunge followed a Supreme Court decision that the ₹8,400 crore AT‑1 bond write‑off must be honored at a 9.5% coupon, reversing the 2020 rescue move.
The bonds, issued for ₹8,415 crore in 2016‑17, now eclipse the bank’s FY26 net profit of ₹3,476 crore, underscoring the scale of the court’s directive.
Shareholding data shows retail investors shedding 0.41% of their stake, while mutual funds cut from 6.43% to 5.48%, reflecting a broader sell‑off.
The stock remains on NSE’s radar as Q3 earnings are set for Oct 17; analysts anticipate the bank will disclose the court order’s impact on capital adequacy and future guidance.