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YES Bank says JC Flowers ARC base bidder for Rs 48k cr bad loan portfolio

YES Bank said on Friday it has selected JC Flowers ARC as its partner for the proposed sale of a stressed loan portfolio the private lender estimates to be at Rs 48,000 crore. In accordance with the Reserve Bank of India guidelines, the bank said in a BSE filing it proposes to run a transparent bidding process on the Swiss Challenge basis for the portfolio's sale using the JC Flowers ARC’s bid as the base bid. Read more...

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