Sumitomo-backed Yes Bank faces up to₹5,200 crore earnings hit as SC upholds squashing of its AT-1 bonds write-off

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The Supreme Court overturned Yes Bank’s 2020 write-off of ₹8,415 crore in AT-1 bonds. The bank says that it would have reported a net loss of ₹5,217 crore in the September quarter had it recognised the impact. Details here.