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Second Time Lucky? Yes Bank Reworks Its ARC Plan
Yes Bank seeks interest from a majority partner for its proposed ARC as it struggles to reduce bad loans.
12 Aug 2021, 07:52 AM IST
Months after the Reserve Bank of India rejected Yes Bank Ltd's application for an asset reconstruction company license, the bank is making another attempt. According to two people in the know, who spoke on conditions of anonymity, the ARC is now being planned as an 80-20 joint venture where an external investor will hold the majority stake and the bank will continue to be a minority investor. Yes Bank is currently in talks with inter...
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