Sharp and immediate fall! Yes Bank share price crash 10% after SC ruling on ₹8,415 crore AT-1 bond write-off

What happened: Yes Bank shares fell sharply after the Supreme Court upheld a Bombay High Court judgment quashing the bank's ₹8,415 crore AT-1 bond write-off. The bench dismissed the appeals. Key numbers: Shares fell from ₹21.25 to ₹19.08 on the NSE. Coupon rates cited were 9.5% and 9%. Why it matters: A SEBI-registered market expert said the ruling is expected to hit the lender dearly, as Yes Bank wrote down its AT-1 bonds to zero during its 2020 rescue, and the bank may need to recognise obligations including coupon payments. Coverage: 3 outlets in 24h

Yes Bank shares fell sharply after the Supreme Court upheld a Bombay High Court judgment quashing the bank's ₹8,415 crore AT-1 bond write-off. The bench dismissed the appeals.

A SEBI-registered market expert said the ruling is expected to hit the lender dearly, as Yes Bank wrote down its AT-1 bonds to zero during its 2020 rescue, and the bank may need to recognise obligations including coupon payments.