Yes Bank falls to multi-year low after AT-1 bond ruling
In short
Yes Bank shares fell 1.15% to ₹15.43 on October 29, the lowest since April 2023. The stock has now lost 29% in October.
The decline followed a Supreme Court ruling that upheld the reversal of Yes Bank’s ₹8,415 crore AT-1 bond write-off. Investors are worried about capital and unpaid coupons, but the bank’s next step was not stated.
What the reporting says
Yes Bank shares fell 1.15% to ₹15.43 on October 29, their lowest since April 2023, extending October losses to 29%. The drop followed the Supreme Court’s decision to uphold the reversal of the bank’s ₹8,415 crore AT-1 bond write-off, which raised concerns over capital and unpaid coupons. The reporting does not state how the bank plans to address those concerns.
Why it matters
Yes Bank shares fell to ₹15.43 on October 29, their lowest since April 2023, after the Supreme Court upheld the reversal of the bank’s ₹8,415 crore AT-1 bond write-off. The move extended October losses to 29%. The reporting says investors are worried about capital and unpaid coupons, but it does not say what management will do next.