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.

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