Yes Bank shares tumbled 17% over two days after the Supreme Court set aside the Rs 8,400 crore write-off of additional tier 1 bonds, with the bank evaluating a legal review and facing a potential earnings hit of Rs…
Yes Bank shares tumbled 17% over two days after the Supreme Court set aside the Rs 8,400 crore write-off of additional tier 1 bonds, with the bank evaluating a legal review and facing a potential earnings hit of Rs 5,300 crore.
By ScoutQuest · · 1 min read
- AT1 bond write-off set aside
- 8,415 crore rupees
- Stock decline over two days
- 17 percent
- Market cap erosion
- 11,400 crore rupees
- Potential after-tax earnings hit
- 6,400 crore rupees
- Net hit after quarterly profit adjustment
- 5,400 crore rupees
Heard on business television between 16:13:21 - 16:16:21 IST.
- Supreme Court set aside the Rs 8,415 crore write-off of AT1 bonds done in 2020.
- Yes Bank shares fell 17% over two trading days, eroding market cap by Rs 11,400 crore.
- Sources estimate reinstating the bonds could cause an after-tax hit of Rs 6,300-6,400 crore; after adjusting for the bank's normal quarterly profit run rate of about Rs 1,000 crore, the net hit/loss could be about Rs 5,300-5,400 crore.
- Yes Bank reported a net profit of Rs 1,071 crore in the first quarter, against which the hit would be several times larger.
- The bank is evaluating legal options including a possible Supreme Court review in consultation with RBI and the government, and is examining its obligations on annual interest payments to AT1 bondholders.
- The reinstatement requires an accounting adjustment via the P&L account, which sources say could be recognized in Q2 (results due tomorrow) or deferred to Q3; AT1 bonds being perpetual instruments means reinstatement does not mean immediate cash outflow.
Watch at source
- 1Open on YouTube
- 2Drag the seek bar left
- 3Watch this moment
Also from Yes Bank
Supreme Court AT-1 bond judgment: coupon decision on 9% bonds still pending
24 Oct 2026
Q2 FY27 call: Supreme Court AT-1 ruling seen cutting CET-1 by ~240 bps pro forma; net profit up 65%
23 Oct 2026
Yes Bank showed a negative technical structure with a death crossover near the 21 level, which is now an important resistance
21 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.