Sumitomo-backed Yes Bank faces up to ₹5,200 crore earnings hit as SC upholds squashing of its AT-1 bonds write-off
· 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.
Yes Bank would have reported a net loss of ₹5,217 crore in the September quarter had it recognised the impact of the Supreme Court verdict overturning the wri...