Yes Bank’s 34,000 crore bad loan on 44 companies of 10 big business groups

Yes Bank Scam: Data from dependable sources within the monetary trade exhibits that Yes Bank has a Rs 34,000 crore bad loan on at the very least 44 companies belonging to 10 massive business groups. This data has come to gentle at a time when the CBI on Monday (March 9, 2020) filed a case towards the spouse and three daughters of Yes Bank founder Rana Kapoor beneath expenses of taking bribe. Also raided seven locations in Mumbai in reference to the alleged bribe to his household.

It has been revealed within the data that at the very least 9 companies of industrialist Anil Ambani Group have an NPA of Rs 12,800 crore. Similarly, at the very least 16 companies belonging to Subhash Chandra’s Essel Group have an NPA of Rs 8,400 crore. Apart from this, Dewan Housing Finance Corporation and Vishwas Realtors Private Limited of DHFL Group took a loan of Rs 4,735 crore from the financial institution. Apart from this, the financial institution has additionally given a loan of Rs 1,100 crore to Jet Airways.

Kerkar Group can be among the many bad loans of Yes Bank, whose two companies, Cox & Kings and Go Travels, took a loan of about Rs 1,000 crore, which turns right into a bad loan. Apart from BM Khaitan Group’s Bharat Infra, McLeod Russel Assam Tea and Eveready (Rs 1,250 crore), Omkar Realtors and Developers’ two initiatives (Rs 2,710 crore), Radius Developers (Rs 1,200 crore) and Thapar Group’s CG Power (500 Crore rupees).