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  1. HDFC Bank
  2. Axis Bank
  3. ICICI Bank
  4. Yes Bank
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1 Answers

Option 4 : Yes Bank

The correct answer is Yes Bank.

  • Yes Bank has selected JC Flowers ARC as partner to form an asset reconstruction company to sell bad loans of the bank valuing ₹48,000 crore.
  • The bank signed a binding term sheet with JCF ARC LLC and JC Flowers Asset Reconstruction Pvt. Ltd. for this strategic partnership.
  • This is being termed the single-largest bad loan deal.

  • JC Flowers has a presence in India with its JC Flowers ARC, a joint venture (JV) with Indian distressed investor Eight Capital and London-based Emso Asset Management.
  • Yes Bank MD & CEO: Prashant Kumar
  • Headquarters: Mumbai
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