Yes Bank shares extend decline to 26% in October, hit a multi-year low. Why are investors turning cautious?

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.

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