Supreme Court Sets Aside Yes Bank's Rs 8,415 Crore AT1 Bond Write-Off In Big Win For Bondholders
Yes Bank secured new business with May 20 in focus.
· NDTV Profit, LiveMint Markets, BS Companies, Economic Times Markets, Business Today Mkts
The ruling comes nearly five months after the apex court reserved its order on May 20, following arguments from the Centre, the Reserve Bank of India, Yes Bank and bondholders.
Key facts
- Dates in focus
- May 20
The analysis
Yes Bank reported Rs 8,415 Crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.8% on the day at ₹15.15, and has returned -32.8% over three months. It sits 40% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -6.0% over the same period, so Yes Bank is running 26.8 points behind its peers.
For Yes Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: Yes Bank (YESBANK), in Banks.
- On the day, 0 of 2 are higher: Yes Bank leads at -1.8% and Bank of India trails at -2.1%.
- Over three months: Yes Bank -32.8% against Banks -6.0% (26.8 points behind); Bank of India -3.2% against Banks -6.0% (2.8 points ahead).
- At least 25% below the 52-week high: Yes Bank (40%) and Bank of India (25%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Yes BankYESBANK · Banks | ₹15.15 | -1.8% | -27.7% | -32.8% | -40.5% | 0.7× | — |
| Bank of IndiaBANKINDIA · Banks | ₹132.86 | -2.1% | +2.0% | -3.2% | -25.0% | 1.1× | — |
Banks
1M -3.4% · 3M -6.0%
Yes Bank, Bank of India
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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