 "Rana Kapoor")
YES Bank former managing director (MD) and chief executive officer (CEO) Ravneet Gill told the Enforcement Directorate (ED) that the bank had sanctioned huge amounts of credit to many corporates that were facing significant stress and liquidity issues.
An ED chargesheet quoted Gill as saying that the private lender on March 31, 2019, had put out a credit watch list naming several large corporates/borrowers. These included Reliance Group, Essel Group, Cox & Kings, Dewan Housing Finance, Omkar Group, Radius Developer and others.
“In this watch list, the bank took a contingency provision of Rs 2,000 crore as a measure of prudent accounting
