URGENT — India’s Yes Bank reports quarterly profit but warns of hit from AT — 1 judgment
MUMBAI, Oct 17 (Reuters) — Yes Bank on Saturday reported a 65% jump in second-quarter profit to 10.80 billion rupees ($114 million), but said the figure did not reflect the impact of a Supreme Court ruling this week that set aside its 2020 write-off of 84 billion rupees ($884 million) of additional tier-1 bonds. Had the impact been recognised, the bank would have posted a quarterly loss of 52.17 billion rupees after tax, it said in a filing. ($1 = 94.9600 Indian rupees) (Reporting by Ashwin Manikandan; Editing by Kevin Liffey) ((Ashwin.Manikandan@thomsonreuters.com;)
MUMBAI, Oct 17 (Reuters) — Yes Bank on Saturday reported a 65% jump in second-quarter profit to 10.80 billion rupees ($114 million), but said the figure did not reflect the impact of a Supreme Court ruling this week that set aside its 2020 write-off of 84 billion rupees ($884 million) of additional tier-1 bonds. Had the impact been recognised, the bank would have posted a quarterly loss of 52.17 billion rupees after tax, it said in a filing. ($1 = 94.9600 Indian rupees) (Reporting by Ashwin Manikandan; Editing by Kevin Liffey) ((Ashwin.Manikandan@thomsonreuters.com;)