Yes Bank shares crash 10% after Supreme Court quashes AT-1 bond write-off

Yes Bank shares crashed 10% to ₹19.08 on the NSE after the Supreme Court upheld the Bombay High Court ruling quashing the bank's ₹8,415 crore AT-1 bond write-off.

The ruling requires the private lender to recognize obligations associated with the bonds, including annual coupon payments at 9.5% and 9% rates prescribed in the information memorandum.

Analysts warned the decision will pressure the bank's profitability, create uncertainty about its capital position, and force it to absorb additional costs from its 2020 rescue.