Yes Bank Evaluates Capital Actions to Support Growth Plans
Yes Bank expects its CET1 ratio to fall by more than two percentage points to 11.4% as of September after India's top court voided the 2020 write-down of additional Tier 1 bonds. The stock has fallen 17% since Thursday.
Yes Bank expects its Common Equity Tier 1 (CET1), its core loss-absorbing capital, to fall by more than two percentage points to 11.4% as of September. The outlook follows India's top court voiding the 2020 write-down of additional Tier 1 bonds, after which the stock has plunged 17% since Thursday…