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Yes Bank Shares Plunge 15% After Supreme Court Ruling on AT‑1 Bonds | AirNews.in

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Yes BankNSESupreme CourtAT‑1 BondsStock Market

Yes Bank Shares Plunge 15% After Supreme Court Ruling on AT‑1 Bonds

about 4 hours ago

Published: October 15, 2026

Yes Bank Shares Plunge 15% After Supreme Court Ruling on AT‑1 Bonds

Yes Bank shares fell 15% to ₹18.12 after the Supreme Court ruled that the ₹8,400 crore AT‑1 bond write‑off must be honored, wiping out ₹10,000 crore of market cap. The stock now trades on NSE awaiting Q3 earnings on Oct 17, with investors watching for further disclosure.

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.