Yes Bank CEO expects ARC biz to operationalize in six months
Thu, Feb 11, 2021 10:48 AM

Yes Bank CEO expects ARC biz to operationalize in six months

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Yes Bank was rallying high on the stock market during Thursday's session after the lender's CEO Prashant Kumar stated that he expects the bank's asset reconstruction company (ARC) business to operationalize within 6 six months. Kumar further expressed that many foreign firms have shown interest in the bank's ARC business. In September last year, Yes Bank had applied to the RBI for ARC launch.

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