India's Yes Bank expects AT1 reinstatement to cut core capital ratio by 250 bps
India’s Yes Bank said on Friday it expects the reinstatement of its previously written-off additional tier-1 (AT1) bonds to reduce its core capital ratio by about 250 basis points. On Thursday, the country’s top court set aside the bank’s write-off of 84 bill...
India’s Yes Bank said on Friday it expects the reinstatement of its previously written-off additional tier-1 (AT1) bonds to reduce its core capital ratio by about 250 basis points. On Thursday, the country’s top court set aside the bank’s write-off of 84 billion rupees ($883.7 million) in additional tier-1 bonds during its 2020 rescue, dealing a blow to the lender and regulators that had defended the move. Capital r...