Yes Bank recovers Rs 258 cr from trust linked to old NPA sale to JC Flower ARC
YESBANK · price
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On the reaction day the stock moved 0.1 pts more than Nifty Midcap 150 and 0.2 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Yes Bank has received INR 258 crores from a trust in the Security Receipts Portfolio, linked to the NPA portfolio it sold to JC Flower Asset Reconstruction in December 2022. The amount received exceeds the underlying carrying value of the trust, making it a gain. The bank is disclosing this under Regulation 30 because the recovery crosses the materiality threshold.
Positive - recovery above carrying value is a gain for the bank, supporting earnings and improving asset quality outlook.