Yes Bank Limited has informed the Exchange regarding - Receipt from a trust in the Security Receipts Portfolio: disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Yes Bank has received INR 78 crores from a single trust within its Security Receipts Portfolio. Security Receipts represent the bank's interest in stressed assets that were transferred to Asset Reconstruction Companies, and any recoveries flow back to the bank. Importantly, this receipt is in excess of the underlying carrying value of the trust, meaning the bank is recovering more than what it had on its books for this exposure. The disclosure is being made under Regulation 30 of SEBI's Listing Regulations because the amount crosses the materiality threshold.
This is a mildly positive development for shareholders, as the bank is recovering more than the book value from a previously stressed asset, which translates into a small profit write-back. However, INR 78 crores is not material relative to Yes Bank's overall size, so the impact on the stock price is likely to be limited.