ADVERTISEMENT
How Yes Bank Closed The Largest-Ever Stressed Asset Portfolio Sale In India
What went on behind the scenes during Yes Bank's stressed asset deal with JC Flowers.
26 Sep 2022, 02:48 PM IST
Two years in the making, private lender Yes Bank Ltd.'s plan to offload its bad loans to a separate entity is finally coming to fruition. The bank's board, on Tuesday, cleared the sale of Rs 48,000 crore worth of bad loans to JC Flowers Asset Reconstruction Co., marking India's largest sale of non-performing assets by a single bank, yet. According to details provided by the bank, JC Flowers had submitted a bid of Rs 11,183 crore for ...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT