Yes Bank Flags 250-Basis-Point Impact on Core Capital Ratio
Yes Bank said its Common Equity Tier 1 capital ratio could decline by around 250 basis points after the Supreme Court upheld a ruling against its write-off of Rs. 8,415 crore in AT-1 bonds.
New Delhi, Oct. 17 — Yes Bank said its Common Equity Tier 1 (CET1) capital ratio may fall by around 250 basis points. The statement came a day after the Supreme Court upheld the Bombay High Court judgment against the write-down of Additional Tier-1 (AT-1) bonds worth Rs.8,415 crore, which was undertaken in March 2020 as…