Fund managers halt inflows after Supreme Court ruling on Yes Bank bonds
Yes Bank is in focus.
· BS Companies, LiveMint Markets, Business Today Mkts, NDTV Profit
Kotak Mahindra Asset Management and Nippon Life India Asset Management have paused fresh investments as they review how SC's decision to overturn the 2020 AT1 bond write-off could affect…
The analysis
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.
Market context
- The 3 companies named span 2 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 1 of 3 are higher: Kotak Mahindra Bank leads at +0.6% and Nippon Life India Asset Management trails at -2.0%.
- Over three months: Yes Bank -32.8% against Banks -6.0% (26.8 points behind); Kotak Mahindra Bank +18.5% against Banks -6.0% (24.5 points ahead); Nippon Life India Asset Management -21.1% against Capital Markets -6.3% (14.8 points behind).
- At least 25% below the 52-week high: Yes Bank (40%) and Nippon Life India Asset Management (28%).
| 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× | — |
| Kotak Mahindra BankKOTAKBANK · Banks | ₹461.60 | +0.6% | +10.7% | +18.5% | 0.0% | 0.9× | — |
| Nippon Life India Asset ManagementNAM-INDIA · Capital Markets | ₹905.00 | -2.0% | -15.4% | -21.1% | -27.7% | 1.2× | — |
Banks
1M -3.4% · 3M -6.0%
Yes Bank, Kotak Mahindra Bank
Capital Markets
1M -2.9% · 3M -6.3%
Nippon Life India Asset Management
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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