Yes Bank shares drop 20% after Supreme Court AT-1 ruling
In short
Yes Bank shares fell about 20% after India’s Supreme Court said the bank’s ₹8,415 crore AT-1 bond write-off was illegal. The bonds were written down to zero in March 2020 during the RBI-led rescue plan.
The ruling is good for bondholders, but it is still unclear if they will get money back. It also hit market confidence in the bank.
What the reporting says
Yes Bank shares slid about 20% after the Supreme Court declared the bank’s ₹8,415 crore AT-1 bond write-off unlawful. The ruling relates to the RBI-led reconstruction plan in March 2020, when the bonds were written down to zero and investors lost their money. The decision helps bondholders, but the sources do not say whether Yes Bank must repay them or what happens next.
Why it matters
Yes Bank shares fell after the Supreme Court declared the bank’s ₹8,415 crore AT-1 bond write-off unlawful. The write-down happened in March 2020 under the RBI-led reconstruction plan and wiped out bondholders’ investments. The ruling is positive for bondholders and may affect how investors view similar hybrid bank debt. The reporting does not state any repayment timing or remedy.