Sale of Yes Bank’s bad loans to take off soon

JCFlowers ARC won the non-performing loan portfolio in an uncontested Swiss auction for Rs 11,183 crore, after Cerberus Capital and Asset Reconstruction Company of India (Arcil) that had teamed up for a bid dropped out of the race, as reported by ET on September 9.

from Banking/Finance-Industry-Economic Times https://ift.tt/ON9641K