Yes Bank Reports Q2 Profit Amid AT1 Ruling Review
Yes Bank reported a 65 percent jump in second-quarter profit to 10.80 billion rupees. The figures exclude the impact of a Supreme Court ruling on AT1 bonds as the lender weighs further legal appeals.
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YES BANK LTD reported a 65% jump in second-quarter profit to 10.80 billion Indian rupees ($114 million), omitting a Supreme Court ruling on AT1 bonds. The figure excludes a court decision that set aside a 2020 write-off of 84 billion rupees in additional tier-1 bonds. Recognizing the ruling would push the lender to a quarterly loss of 52.17 billion rupees, according to a regulatory filing.
