Yes Bank Q2 Profit Surpasses Estimates Amid Uncertain AT1 Bond Impact

Yes Bank announced a net profit of ₹1,000 crore for the quarter ending March 31, beating the consensus estimate of ₹900 crore. The lender's earnings grew 20% year‑on‑year, driven by higher net interest income and a rebound in retail banking. Despite the strong results, the bank’s management said it has not booked any potential loss from the Supreme Court’s recent decision on its Additional Tier‑1 (AT1) bonds. The court’s ruling could require the bank to write down the value of these bonds, which represent a significant portion of its capital structure. Investors reacted cautiously, with Yes Bank shares falling 1.5% in early trading as the market priced in the uncertainty surrounding the AT1 bond exposure.