Yes Bank shares extend decline to 26% in October, hit a multi-year low. Why are investors turning cautious?
Yes Bank moved lower with October 29 in focus.
· LiveMint Markets
Yes Bank shares fell 1.15% to ₹15.43 on October 29, their lowest since April 2023, extending October losses to 29%. The decline followed the Supreme Court’s decision to uphold the reversal of the bank’s ₹8,415 crore AT-1 bond write-off, raising concerns over capital and unpaid coupons.
Key facts
- Dates in focus
- October 29
The analysis
Yes Bank reported ₹15.43 and ₹8,415 crore, with movement of 26%, 29% and 1.15% attached to those lines. 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.
Market context
- In focus: Yes Bank (YESBANK), in Banks.
- Over three months: Yes Bank -32.8% against Banks -6.0% (26.8 points behind).
- At least 25% below the 52-week high: Yes Bank (40%).
| 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× | — |
Banks
1M -3.4% · 3M -6.0%
Yes Bank
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Capital Markets
1M -2.9% · 3M -6.3%
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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