Yes Bank Says SC Ruling Could Have Added Rs.5,217 Crore Q2 Loss
Yes Bank said it would have reported a net loss of Rs.5,217 crore in the September quarter if it had recognized the impact of the Supreme Court verdict overturning the write-off of Rs.8,415 crore in AT-1 bonds.
New Delhi, Oct. 18 — Yes Bank said it would have posted a net loss of Rs.5,217 crore for the September quarter if it had recognised the effect of the Supreme Court ruling that overturned the write-off of its additional tier-1 (AT-1) bonds, valued at Rs.8,415 crore. The bank disclosed this in its Q2 investor presentation.