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Yes Bank shares fell 17% over two days after the Supreme Court set aside the ₹8,400 crore write-off of AT1 bonds, wiping ₹11,400 crore off its market cap
By ScoutQuest · · 1 min read
- Stock decline over two days
- 17 percent
- Market cap erosion
- 11,400 crore rupees
- Original write-off amount
- 8,400 crore rupees
- Estimated after-tax hit
- 6,300 to 6,400 crore rupees
- Estimated net hit to absorb
- 5,300 to 5,400 crore rupees
Heard on business television between 16:13:21 - 16:16:21 IST.
- Supreme Court set aside Yes Bank's ₹8,400 crore AT1 bond write-off from 2020, causing shares to tumble 17% over two days and erase ₹11,400 crore in market cap.
- Sources estimate reinstating the ₹8,415 crore of bonds could result in an after-tax hit of about ₹6,300-6,400 crore; after adjusting for the bank's normal quarterly profit run rate of about ₹1,000 crore, the net hit/loss the bank must absorb is estimated at ₹5,300-5,400 crore.
- For perspective, Yes Bank reported a net profit of ₹1,071 crore in the first quarter, meaning the estimated hit is several times the bank's quarterly profit.
- Yes Bank said it is evaluating all legal options; sources indicate the bank could seek a review of the Supreme Court ruling, but only in consultation with RBI and the government.
- The bank is examining its obligations on annual interest payments to bondholders, and could recognize the accounting impact in Q2 (results due tomorrow) or defer to Q3; reinstatement could reduce CET1 capital ratio by around 250 basis points including profits.
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Source: Live TV News Channel · 16 Oct 2026
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