YES Bank sees no immediate need to raise capital after SC's AT1 verdict
Yes Bank moved higher.
· BS Companies
The lender says its capital buffers, deferred tax assets and other options provide flexibility even as the reinstatement of Rs 8,415 crore in AT1 bonds may lower its CET1…
The analysis
Yes Bank reported Rs 8,415 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -3.5% on the day at ₹16.88, and has returned -28.5% over three months. It sits 34% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -3.3% over the same period, so Yes Bank is running 25.2 points behind its peers.
For Yes Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is YESBANK.
- Sector exposure: Banks, Capital Goods & Engineering, Capital Markets.
In this story
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