New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following banks have tied up with JC

    Flowers Arc to sell its 48,000 crore bad loans?
    A Axis bank Correct Answer Incorrect Answer
    B HDFC Bank Correct Answer Incorrect Answer
    C Yes Bank Correct Answer Incorrect Answer
    D ICICI Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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