11 Mar 2020

Yes Bank Crisis:- ED Probing NPA's

Recent reports are coming in from Yes Bank crisis where ED is probing NPA's of over Rs 20,000 crore.

According to reports sleuths suspect that while granting loans to some of the companies proper check was not done.

According to reports while granting loans there was lack of proper due diligence and non adherence to  norms as laid down by the reserve Bank of India that led to these loans turning bad later.

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