Yes Bank expects 250 bps reduction in core capital ratio after SC sets aside AT1 bond write-off

Yes Bank expects its core capital ratio to decline by 250 basis points following the Supreme Court's decision to overturn the write-off of Rs 8,400 crore worth of AT1 bonds during its 2020 rescue. S&P Global Ratings expects the bank to absorb the impact without an immediate effect on its credit ratings.