Yes Bank will invest up to Rs 350 crore for a potential 20% stake in asset reconstruction company JC Flowers, which has emerged as the base bidder for the lender’s bad loans worth Rs48,000 crore. The private sector lender is planning to raise up to $1 billion in FY-23 to bolster its core capital base once the NPA challenge is over, its managing director and chief executive Prashant Kumar told reporters here on Monday. Read More