SC upholds Yes Bank AT-1 bond write-off reversal
In short
The Supreme Court upheld the quashing of Yes Bank’s 2020 write-off of ₹8,415 crore in AT-1 bonds. Yes Bank said it would have shown a net loss of ₹5,217 crore in the September quarter if the impact had been recognised.
This matters because it points to a big hit to Yes Bank’s earnings. The reporting does not say what the final accounting treatment will be.
What the reporting says
The Supreme Court upheld the quashing of Yes Bank’s 2020 write-off of ₹8,415 crore in AT-1 bonds, according to a publisher summary. Yes Bank said it would have reported a net loss of ₹5,217 crore in the September quarter had it recognised the impact. The immediate consequence is a potentially large earnings hit for the Sumitomo-backed lender, but the reporting does not state any further accounting or cash impact.
Why it matters
The Supreme Court upheld the quashing of Yes Bank’s 2020 write-off of ₹8,415 crore in AT-1 bonds, according to the publisher summary. Yes Bank said the impact would have turned the September quarter into a ₹5,217 crore net loss. That directly affects the bank’s reported earnings and may influence investor views, but the available reporting does not state the final accounting outcome or any cash settlement.