Yes Bank picks JC Flowers ARC as JV partner to offload distressed loans worth Rs 51,000 crore - Economic Times

Yes Bank invited bids for its distressed loans portfolio, amounting to ₹51,000 crore, soon after the Reserve Bank of India in March 2021 rejected its plan to set up an ARC as its subsidiary.

has picked JC Flowers Asset Reconstruction Company (ARC) as its joint venture partner to offload nearly 51,000 crore of distressed loans - a move that the private sector bank believes could improve i… [+2340 chars]

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