SC ruling deals a heavy blow to Yes Bank's risk equity capital
Yes Bank is facing a significant reduction in its Common Equity Tier-1 capital buffer following a recent Supreme Court ruling. The court reversed the earlier write-down of over $800 million related to additional Tier-1 bonds. Analysts suggest that this verdict could lower Yes Bank's CET1 ratio to approximately 11-11.5%. The bank is currently analyzing the judgment to assess the final impacts on…
The Supreme Court's recent ruling has dealt a significant blow to Yes Bank, the Indian lender in which Sumitomo Mitsui Banking Corp (SMBC) holds a controlling stake. The court's decision to reverse the write-down of over $800 million in additional Tier-1 (AT-1) bonds has dealt a heavy hit to Yes Bank's core capital, or Common Equity Tier-1 (CET1) buffer.
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- SC ruling deals a heavy blow to Yes Bank's capital economictimes.indiatimes.com
