Sumitomo-backed Yes Bank faces up to ₹5,200 crore earnings hit as SC upholds squashing of its AT-1 bonds write-off

Yes Bank would have reported a net loss of ₹5,217 crore in the September quarter had it recognised the impact of the Supreme Court verdict overturning the write-off of its additional tier-1 (AT-1) bonds worth ₹8,415 crore, the bank said in its Q2 investor presentation filed with the stock exchanges.The private-sector lender, 24.9% owned by Japan’s Sumitomo Mitsui Banking Corporation, reported a net profit of ₹1,080 crore for the July-September, according to earnings announced on Saturday.Had the judgement's impact been…