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Published: Jun 15, 2022
Updated: Jun 15, 2022
The Reserve Bank of India has not taken kindly to Yes Bank’s plan to sell its entire portfolio of bad loans to an asset reconstruction company. As of now, the RBI does not allow any bank to sell all its loans to a company partly owned by it.
The RBI sees this as a conflict of interest and has asked Yes Bank to put its plan on hold. While bank officials say they have not received any RBI communication on this, insiders say selling the entire loans to an ARC owned by American financial powerhouse JC Flowers may not be a good idea. The RBI wants maximum recovery from these loans and wants the bank to avoid any future controversy and give an equal opportunity to other ARCs to bid for the loans.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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