AT-1 case: Yes Bank does not expect material financial impact from Supreme Court ruling

Mumbai: Yes Bank said the Supreme Court has concluded hearing arguments in the case related to the write-down of its Additional Tier-1 (AT-1) bonds and has reserved its order for judgment. If the court's final verdict results in any financial liability, the impact will be recognised in future reporting periods, the lender said. But it does not anticipate any material financial impact since the write-down was conducted in compliance with applicable terms and regulations, the bank said in the foot...