Yes Bank invited bids for its distressed loans portfolio, amounting to ₹51,000 crore, soon after the Reserve Bank of India in March 2021 rejected its plan to set up an ARC as its subsidiary.source https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-picks-jc-flowers-arc-as-jv-partner-to-offload-distressed-loans-worth-rs-51000-crore/articleshow/91675542.cms
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