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YES Bank's plan to sell Rs 12,000-cr bad loans to ARC faces delay

RBI wants the bank to avoid any conflict of interest with the ARC as YES Bank plans to hold a minority stake in the same ARC

Topics
YES Bank | Non-performing assets | asset reconstruction companies

Dev Chatterjee  |  Mumbai 


YES Bank
YES Bank’s plans to sell the bad debt comes at a time when for the financial year ended March 2022, the bank reported a profit of Rs 1,066 crore after two successive years of heavy losses.

The (RBI) and are in discussions over the bank's plans to sell bad loans to an asset rec¬o¬nstruction company (ARC).

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First Published: Sun, June 19 2022. 14:31 IST

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