Yes Bank says no to National Asset Reconstruction Company, says will pursue own NPA aggregator

At the same time the bank is still pursuing its objective of a majority owned asset reconstruction company (ARC) and is waiting for the new set of guidelines from the Reserve Bank of India (RBI) said CEO Prashant Kumar said. RBI has refused Yes Bank permission to hold a majority stake in an ARC citing conflict of interest.

from Banking/Finance-Industry-Economic Times https://ift.tt/3vyPuD4