Stories
Yes Bank Shares Plunge After Supreme Court Upholds AT1 Bond Verdict
C
CNBC Awaaz•15-10-2026, 14:15
Yes Bank Shares Plunge After Supreme Court Upholds AT1 Bond Verdict
- •The Supreme Court upheld the Bombay High Court order setting aside the write-off of Yes Bank AT1 bonds.
- •Appeals filed by Yes Bank and the RBI were dismissed, bringing major relief to bondholders.
- •Following the verdict, Yes Bank shares plunged by up to 7 percent during trading sessions.
- •The case involves AT1 bonds worth Rs 8415 crore issued by the bank in 2016 and 2017.
Key Questions Answered
The Supreme Court dismissed the appeals filed by Yes Bank and the RBI, upholding the Bombay High Court's order that had set aside the decision to write off the ₹8,415 crore AT1 bonds.
Following the Supreme Court verdict, Yes Bank shares fell significantly, dropping about 3 percent to ₹20.56 by 2:05 PM and later plunging by 7 percent to ₹19.86 at 2:11 PM.
Yes Bank issued AT1 bonds in two tranches: ₹3,000 crore worth of bonds in December 2016 carrying a 9.5 percent coupon rate, and ₹5,415 crore worth of bonds in October 2017 carrying a 9 percent coupon rate.
