Yes Bank Shares Rebound After Falling 17.5% in Two Sessions
Yes Bank shares rebounded in early trade Monday after falling 17.5% over the prior two sessions following a Supreme Court ruling on the lender’s Rs 8,415-crore AT-1 bonds. The bank reported a 65% year-on-year rise in Q2 profit.
Story updates
04:15:36 AM UTC
SquawkNews
Sachin Kumar ET Intelligence Group: The extent of the financial impact of the AT-1 ruling on Yes Bank will depend on the amount it is required to pay and whether the payout is made upfront or staggered over time. The Supreme Court ruling is expected to reduce the bank's book value per share by up t…
Yes Bank shares recovered in early trading on Monday, following a 17.5 percent fall over the previous two sessions after the Supreme Court ruled on the lender’s Rs 8415-crore Additional Tier-1 (AT-1) bonds. The private sector bank reported a 65 percent year-on-year rise…