Yes Bank plans to set up asset reconstruction company:

yesbank

Private lender, Yes Bank plans to set up its own asset reconstruction company (ARC) and has invited Expression of Interest (EoI) from potential investors to set up the new company. Ernst & Young has been appointed as the process advisor to the bank for the project.

Yes Bank touched a 52-week low of Rs 12.09 and was quoting at Rs 12.19, down Rs 0.15, or 1.22 percent on the BSE.
News Source:- Moneycontrol

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