Yes Bank Q2 profit rises 65% as AT1 ruling impact stays unbooked
In short
Yes Bank said its second-quarter profit rose 65% to Rs 1,080 crore. It also said it has not booked the impact of the Supreme Court’s ruling on its Rs 8,400 crore AT1 bond write-off.
This matters because the bank said the quarter could have shown a Rs 5,217 crore loss if the ruling had been reflected. The bank is still checking the financial effect and possible legal steps.
What the reporting says
Yes Bank reported a 65% year-on-year rise in second-quarter profit to Rs 1,080 crore, while saying it had not booked the impact of the Supreme Court’s AT1 bond ruling. The lender said it could have posted a loss of Rs 5,217 crore if the Rs 8,400 crore write-off reversal were accounted for, and it is assessing the ruling’s financial implications and possible legal options. The final accounting impact remains unknown.
Why it matters
Yes Bank reported a 65% rise in second-quarter profit to Rs 1,080 crore, but said it had not recognised the Supreme Court’s AT1 bond ruling in its accounts. The lender said the ruling could have turned the quarter into a Rs 5,217 crore loss if the Rs 8,400 crore write-off reversal were booked. Investors now face uncertainty over the final financial impact and any further appeal.