Thursday, May 19, 2022

Yes Bank picks JC Flowers ARC as JV partner to offload distressed loans worth Rs 51,000 crore

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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