Yes Bank may sell bad loans to funds instead of ARCs, says report
Updated : May 20, 2019 08:20 AM IST
Private sector lender Yes Bank will sell more of its bad loans to funds instead of asset reconstruction companies (ARC), after the Reserve Bank of India (RBI) found that the bank sold its assets to two ARCs at a 100 percent haircut.
Sources told the paper that the lender has put non-performing assets (NPAs) on sale and is following e-bidding of these assets.
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