#YesBank's proposal to set up an #ARC has been rejected by the RBI; cites 'conflict of interest' for turning the proposal down. Read full report 👇
https://www.moneycontrol.com/news/business/rbi-rejects-yes-banks-arc-proposal-citing-conflict-of-interest-report-6645351.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/rbi-rejects-yes-banks-arc-proposal-citing-conflict-of-interest-report-6645351.html?utm_source=telegram&utm_medium=social
Moneycontrol
RBI Rejects Yes Bank's ARC Proposal Citing 'conflict Of Interest': Report
In Septemeber last year, Yes Bank sought the approval of the RBI to launch the ARC and was planning to operationalise it within six months of securing clearance.
#YESBank is in the process to form the proposed #ARC & transfer its entire pool of #GNPA amounting to Rs 27,976 crore to the ARC by June 30.
Read more 👇
https://www.moneycontrol.com/news/business/banks/yes-bank-to-set-up-arc-by-june-raise-capital-to-buffer-against-uncertainties-in-fy23-says-ceo-prashant-kumar-8435871.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/banks/yes-bank-to-set-up-arc-by-june-raise-capital-to-buffer-against-uncertainties-in-fy23-says-ceo-prashant-kumar-8435871.html?utm_source=telegram&utm_medium=social
Moneycontrol
YES Bank to set up ARC by June, raise capital as buffer against uncertainties in FY23, says CEO Prashant Kumar
The lender on April 30 reported its January-March net profit at Rs 367 crore as against a loss of Rs 3,788 crore in the same period last year. This was led by lower provisions, higher net interest income and an improvement in asset quality.