Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 August, 2018 07:26 IST
Yes Bank recovers Rs 1.84 bn from sale of Bhushan Steel to Tata Steel
Source: IRIS | 23 May, 2018, 10.08AM
Comments  |  Post Comment

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).





Bhushan Steel Limited   (Q,N,C,F)*

Tata Steel Limited   (Q,N,C,F)*

Yes Bank Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Ion Exchange secures EPC contract worth Rs 4.38 bn - 17-Aug-2018 11:35
IL&FS Transportation Networks to receive Rs 430 mn from Ramky Infra - 17-Aug-2018 11:32
IL&FS Transportation Networks to receive Rs 430 mn from Ramky Infra - 17-Aug-2018 11:32
Ashok Leyland wins overseas order for 300 double decker buses - 17-Aug-2018 09:51
NBCC secures work order worth Rs 2.50 bn from SAIL - 16-Aug-2018 15:35
NBCC secures work order worth Rs 2.50 bn from SAIL - 16-Aug-2018 15:35
MCX inks MoU with Indian Bullion and Jewellers Association - 16-Aug-2018 15:31
Alfa Transformers bags order worth Rs 171.1 mn from Uttar Gujarat Vij Co - 16-Aug-2018 12:25
TVS Motor Co bets big on Philippines with new product launches - 16-Aug-2018 09:54
Sun Pharma gets USFDA approval for Cequa ophthalmic solution - 16-Aug-2018 09:33
TCS named leader in KYC-AML BPO services by Everest Group - 14-Aug-2018 12:04
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer