Mon. Feb 24th, 2020

YES Bank has an exposures to Essel Group will recover in next month.

Yes Bank

Yes Bank will recover loans from Essel Group

Yes Bank has an exposers of 3300cr loan to essel group hopefully will recove in july as dead line closed in september,Essel Group appointed HDFC Asset Management Company (HDFCAMC) to sell stake in
zee entertainment end of july 2019,The sources said the bank is hopeful will be recoeverd in full loan from Essel Group in a month.

Ravneet Gill, Managing Director and CEO, as he promised YES Bank ‘will be re-rated by comeing quarters as well as global equity players Blackstone,Warburg and Apax look to invest up to $750 million in Yes Bank and they are seeking details of stressed loans.

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