Yes Bank flags $549 mn Q2 loss from bond ruling.

Yes Bank Limited

said it would have posted a $549 million loss in the fiscal second quarter. This would have occurred if it had recognised the impact of the top court verdict overturning the write-off of its riskier bonds. The bank disclosed a potential $549 million loss for Q2. The figure stems from the Supreme Court verdict that overturned the earlier write-off of riskier bonds. The disclosure highlights the financial impact of the legal outcome on the lender’s books. The key number is the $549 million potential Q2 loss linked to the bond write-off ruling. This may pressure near-term price action for the stock. Peers such as Federal Bank, IDFC First Bank and RBL Bank could face relative comparison on capital and legal risks. Risks include further provisions or capital strain if the impact is booked. Competitors listed: Federal Bank, IDFC First Bank, RBL Bank. We have no financial interest in this news.