yes bank 48,000 crore assignment has been completed stressed asset loan Bank’s portfolio to JC Flowers asset reconstruction company.

The bank had earlier acquired JC Flower Asset Reconstruction Private Limited (Jessie Flowers ARC) as the winner of the Swiss Challenge process for the sale of its identified portfolio of stressed assets.

Yes Bank said, “The bank has now completed the assignment of the bank’s identified stressed loan portfolio of up to Rs 48,000 crore under the 15:85 structure by March 31, 2022, after adjusting recoveries between April 1, 2022 and November 30, 2022.” has done.” In a regulatory filing on Saturday.

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