Yes Bank to sell its ₹48,000-crore bad loans to JC Flowers ARC1 min read . Updated: 20 Sep 2022, 09:01 PM IST
- Yes Bank board has also approved the purchase of 19.99% stake in JC Flowers, subject to regulatory approvals
Private lender Yes Bank's board has approved the transfer of stressed assets worth ₹48,000 crore to private equity firm JC Flowers. YES Bank will also pick up a 19.99% stake in the ARC, subject to regulatory approvals, the lender said in a BSE filing.
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