After losing the first game, Kashyap bounced back in the second before again going down to slump to a 10-21, 22-20, 13-21 defeat against third-seed Bin in a thrilling last-16 clash that lasted one hour and 16 minutes.
The tournament was Kashyap's return to competitive badminton after recovering from a shoulder injury which he sustained during a Premier League in January.
Harsheel Dani, the other Indian in the fray, also bowed out of the tournament after suffering a 17-21, 18-21 defeat against China's Sun Feixiang in their pre-quarterfinal clash.
With this, India's challenge in the tournament also came to an end.
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