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The Economic Times
The Economic Times
Business

Sumitomo-backed Yes Bank pegs AT1 bond verdict hit at Rs 5,217 crore

YES Bank AT1 Sumitomo Bonds RBI SBI Bombay High Court Rana Kapoor Mutual Funds

Yes Bank said in its Q2 investor presentation filed with the stock exchanges that it would have posted a loss of Rs 5,217 crore ($549 million) in the fiscal second quarter had it recognised the impact of the Supreme Court verdict overturning the write-off of its AT1 bonds.

The lender, 24.9% owned by Japan’s Sumitomo Mitsui Banking Corporation, reported a net profit of Rs 1,080 crore for July-September in the results it announced on Saturday.

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