Yes Bank promoter family repays 400cr to MFs

Entities linked to one of the promoters of Yes Bank Ltd. have paid Rs 400 crore to two mutual funds from whom they had raised funds by pledging shares. The Kapoor family paid Rs 200 crore each to Reliance Mutual Fund and Franklin Templeton Mutual Fund.With this payment, the overall outstanding of the promoter group’s borrowing has come down to Rs 1,400 crore, they added.