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Yes Bank hits Indiabulls by ₹662 crore

Mar 08, 2020 18:52 IST

Indiabulls Housing Finance on Sunday said crisis-hit Yes Bank owed it ₹662 crore through additional tier-1 bonds. As per the Reserve Bank's revival scheme for Yes Bank, ₹8,700 crore worth of additional tier-1 bonds issued by the bank shall stand written down permanently in total. Indiabulls Housing Finance reported a 44% decline in its net profit to ₹551 crore in the December quarter. 

 

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