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via economictimes.indiatimes.comBusiness & Companies

YES Bank Q2 profit up 65%, but AT1 ruling may cause a loss

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

YES Bank's net profit increased by 65% to 1,080 crore in the second quarter, driven by higher income. However, factoring in a Supreme Court judgment could lead to a post-tax loss of 5,217 crore. The court upheld a ruling concerning the bank's AT1 bonds, impacting its financial…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe positive result is offset by a possible AT1 ruling impact, so the net effect is uncertain.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Net profit rose 65% to 1,080 crore in the second quarter.
  2. 02A Supreme Court judgment on AT1 bonds could lead to a post-tax loss of 5,217 crore.
  3. 03Auditors noted the results could have been significantly different without this recognition.

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