Yes Bank to close stressed asset sale to JC Flowers ARC this month: CEO

Yes Bank CEO and Managing Director Prashant Kumar said that the company is expecting to close its stressed asset sale of over ₹48,000 crore to JC Flowers ARC by the end of November. JC Flowers has committed to pay ₹11,183 crore for the entire pool of the stressed loans, which assures a 23% recovery to the bank.