YES Bank Q2 profit rises 65%; AT1 hit may risk 5,217 cr loss
YES Bank's net profit increased by 65% to 1,080 crore in the second quarter, driven by higher income. However, factoring in a Supreme Court judgment could lead to a post-tax loss of 5,217 crore. The court upheld a ruling concerning the bank's AT1 bonds, impacting its financial reporting. The bank's auditors noted that the financial outcomes...
Key Takeaways
- YES Bank's net profit increased by 65% to 1,080 crore in the second quarter, driven by higher income.
- However, factoring in a Supreme Court judgment could lead to a post-tax loss of 5,217 crore.
- The court upheld a ruling concerning the bank's AT1 bonds, impacting its financial reporting.
YES Bank's net profit increased by 65% to 1,080 crore in the second quarter, driven by higher income. However, factoring in a Supreme Court judgment could lead to a post-tax loss of 5,217 crore. The court upheld a ruling concerning the bank's AT1 bonds, impacting its financial reporting. The bank's auditors noted that the financial outcomes might have been significantly different without this recognition.
Original Publisher Attribution
This summary was curated from Economic Times.