YES Bank to set up ARC by June, raise capital as buffer against uncertainties in FY23, says CEO Prashant... - Moneycontrol

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.

YES Bank is in the process to form the proposed asset reconstruction company (ARC) and transfer its entire pool of gross non-performing assets (GNPA) amounting to Rs 27,976 crore to the ARC by June 3… [+3806 chars]

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