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Yes Bank gets nod to sell stressed assets worth Rs 48000 crore to JC Flowers ARC

21 Sep 2022 Evaluate

Yes Bank has received approval from board of directors to sell stressed assets worth around Rs 48,000 crore to JC Flowers ARC, which has turned out to be the sole bidder for the portfolio. JC Flowers ARC had in July this year emerged as the base bidder for the proposed sale of the identified stressed loan book of Yes Bank aggregating up to Rs 48,000 crore. The bank will now proceed towards negotiating definitive agreements.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

Yes Bank Share Price

23.00 0.15 (0.66%)
05-Aug-2026 11:33 View Price Chart
Peers
Company Name CMP
HDFC Bank 738.60
ICICI Bank 1446.05
Axis Bank 1253.95
Kotak Mahindra Bank 396.20
Indusind Bank 1026.80
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