Supreme Court ruling sends Yes Bank shares down 15%
Yes Bank shares closed 14.5% lower at ₹18.12 after the Supreme Court upheld the cancellation of its ₹8,415 cr AT1 bond write-off. Futures open interest rose 2.6%, indicating short build-up as the stock hit a fresh 52-week low.
pre-market1 source ↓machine-written, see hownot a recommendation
- YESBANK close
- ₹18.12
- On the day
- -14.53%
- Futures OI, short build-up
- +2.6%
- Put-call ratio
- 0.68
- Max pain
- ₹20.00
Yes Bank shares fell to a 52-week low of ₹16.96 on 15 Oct 2026 after the Supreme Court dismissed appeals by the bank, the Reserve Bank of India and the Centre in the ₹8,415 cr AT1 bond case. OI Charts data showed the stock closing at ₹18.12, down 14.5% for the session, with volume of 667,974,054 shares. The stock has declined 22.6% over 20 sessions and 11.4% over five sessions. ⚖️
The bench of Justices Dipankar Datta and Augustine George Masih upheld the January 2023 Bombay High Court order that cancelled the March 2020 write-off of the bank’s Additional Tier-1 bonds. The bonds were written down to zero on 14 Mar 2020, a day after the bank was reconstructed. Bondholders had argued that the final rescue scheme no longer contained the clause permitting the write-off, leaving the administrator without the authority to cancel the securities.
The ruling keeps the legal dispute over the AT1 instruments active and is a material development for the bank’s capital structure and investors in bank hybrid securities. The article did not provide a fresh payment schedule, accounting charge or provisioning figure following the judgment. The next key disclosures are the bank’s exchange filing on the ruling’s implementation, any accounting treatment, and further regulatory or legal directions. 🏦
OI Charts derivatives data showed futures open interest rising 2.6% alongside the price decline, indicating a short build-up. The futures contract carried a 0.55% premium, while the put-call ratio was 0.68. For the 27 Oct 2026 expiry, max pain was ₹20.00, and both the largest call and put open interest were at ₹21.00. These levels indicate where derivatives positioning is concentrated; the stock’s ability to reclaim ₹20 and the ₹21 open-interest zone will be watched against further filings and legal developments. 📉
The session’s low also marked a fresh 52-week floor, compared with the 52-week high of ₹25.78 recorded on 18 Jun 2026. The market reaction therefore reflects both the immediate court outcome and an already weaker recent price trend.
Source: Equitypandit, 15 Oct 2026
Not investment advice. For informational purposes only.