Yes Bank Expects AT1 Reinstatement to Cut Core Capital Ratio 250 bps
Yes Bank said reinstating its previously written-off additional tier-1 bonds is expected to reduce its core capital ratio by about 250 basis points. India's top court set aside the write-off of 84 billion rupees ($883.7 million) on Thursday.
India's Yes Bank NSE:YESBANK said on Friday it expects the reinstatement of its previously written-off additional tier-1 (AT1) bonds to reduce its core capital ratio by about 250 basis points.On Thursday, the country's top court set aside the bank's write-off of 84 billion rupees ($883.7 million) i…