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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