Latest News | Yes Bank Gets Rs 429 Cr from JC Flowers ARC

New Delhi, Mar 21 (PTI) Yes Bank on Friday said it has received Rs 429 crore from JC Flowers Asset Reconstruction Company for the sale of its NPA portfolio in 2022.

The bank had transferred its stressed assets loan portfolio to the tune of Rs 48,000 crore to JC Flowers ARC in December 2022.

Also Read | Ladki Bahin Yojana Installment Hike: INR 2,100 Kist To Be Given Only After Financial Position Improves, Says Maharashtra Finance Minster Ajit Pawar.

In this regard, the bank would like to inform that it has received Rs 429 crore from a single trust in the Security Receipts Portfolio, Yes Bank said in a regulatory filing.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)