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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 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 ratios measure a bank’s financial strength by comparing its capital with its risk-weighted assets, indicating its ability to withstand losses Yes Bank’s tier-1 capital ratio would re...
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