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via livemint.comBusiness & Companies

Yes Bank faces up to ₹5,200 crore earnings hit after Supreme Court upholds reversal of AT-1 bond write-off

FROM THE WIRE · LIVEMINT.COM

The Supreme Court overturned Yes Bank’s 2020 write-off of ₹8,415 crore in AT-1 bonds. The bank says that it would have reported a net loss of ₹5,217 crore in the September quarter had it recognised the impact. Details here.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe potential earnings hit at Yes Bank matters for India's banking sector and holders of AT-1 bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Supreme Court overturned Yes Bank's 2020 write-off of ₹8,415 crore in AT-1 bonds.
  2. 02The bank says it would have reported a net loss of ₹5,217 crore in the September quarter had it recognised the impact.
  3. 03Sumitomo is among the backers of Yes Bank.

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