Question
Which of the following banks have tied up with JC
Flowers Arc to sell its 48,000 crore bad loans?Solution
Yes Bank has collaborated with JC flowers Asset Reconstruction Company for the joint venture partner to sell its bad loans worth ₹48,000 crore in place of a payment of ₹11,100 crore, out of which 15% will be paid in cash upfront, and the rest in the form of security receipts by the company.
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