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27 June, 2019 09:46 IST
Yes Bank recovers Rs 1.84 bn from sale of Bhushan Steel to Tata Steel
Source: IRIS | 23 May, 2018, 10.08AM
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YES BANK has recovered an amount of Rs 1.84 billion, against an original claim filed for Rs 3.25 billion, pursuant to the sale of Bhushan Steel to Tata Steel under the recently concluded NCLT / Insolvency and Bankruptcy Code (IBC) proceedings.

With this recovery, the Bank now has an exposure to only ONE account, aggregating to only Rs 234 million (with 50% provision) as on March 31, 2018, from Borrowers referenced in the List 1 of the RBI IBC NCLT Process.

Shares of the bank gained Rs 0.6, or 0.18%, to trade at Rs 335.30. The total volume of shares traded was 54,972 at the BSE (9.59 a.m., Wednesday).

Tata Steel BSL Limited   (Q,N,C,F)*

Tata Steel Limited   (Q,N,C,F)*

Yes Bank Limited   (Q,N,C,F)*

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