Tuesday, June 17, 2025 | 02:00 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

YES Bank's promoter firms prepay Rs 4 billion of loans to mutual funds

Interestingly, the day the rating was reaffirmed, the share price of YES Bank was down 50% in three months

YES Bank
premium

Jash Kriplani Mumbai
The shares of YES Bank on Monday fell as much as 7 per cent in intra-day trade amid concerns over the rating outlook of YES Bank’s promoter-issued non-convertible debentures (NCDs). However, these concerns were allayed to some extent, as sources said the bank’s promoter companies had prepaid Rs 4 billion of the outstanding loans to the two mutual fund (MF) houses holding the debentures.

The bank’s scrip also recouped its losses, closing 4 per cent lower on Monday. According to sources, Franklin MF and Reliance MF each received Rs 2 billion from the promoter companies.

ALSO READ: