Home / Companies / News / YES Bank begins provisioning for exposure to ADAG, Essel group firms

YES Bank begins provisioning for exposure to ADAG, Essel group firms

In its analyst call, YES Bank said the provisioning covers companies from real estate, media and entertainment and infrastructure

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YES Bank Photo: Reuters

3 min read Last Updated : May 22 2019 | 9:41 PM IST

YES Bank, which has exposures to Anil Ambani's Reliance group and Essel group companies, has started making provisions for loans given to both entities. The provisioning began after rating agencies downgraded debt instruments of both groups.

YES Bank has an exposure of Rs 13,000 crore to Reliance group entities and another Rs 3,300 crore to Essel group companies, according to analysts. Though the bank has adequate collateral in terms of shares pledged by promoters of the two groups, YES Bank investors are concerned about the bank's exposure.

A source said several companies of the Anil Dhirubhai Ambani Group (ADAG) are

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