Yes Bank shares extend decline to 26% in October, hit a multi-year low. Why are investors turning cautious?
60-Word AI Digest
Yes Bank shares fell 1.15% to ₹15.43 on October 29, their lowest since April 2023, extending October losses to 29%. The decline followed the Supreme Court’s decision to uphold the reversal of the bank’s ₹8,415 crore AT-1 bond write-off, raising concerns over capital and unpaid coupons.
Key Takeaways
- Yes Bank shares fell 1.15% to ₹15.43 on October 29, their lowest since April 2023, extending October losses to 29%.
- The decline followed the Supreme Court’s decision to uphold the reversal of the bank’s ₹8,415 crore AT-1 bond write-off, raising concerns over capital and unpaid coupons.
- Full details and original dispatch available below.
Yes Bank shares fell 1.15% to ₹15.43 on October 29, their lowest since April 2023, extending October losses to 29%. The decline followed the Supreme Court’s decision to uphold the reversal of the bank’s ₹8,415 crore AT-1 bond write-off, raising concerns over capital and unpaid coupons.
Original Publisher Attribution
This summary was curated from Livemint.