Yes Bank gets ₹429 crore from JC Flowers ARC for sale of its NPA portfolio

Mumbai-based Indian private sector lender Yes Bank announced on Friday that it has received ₹429 crore from JC Flowers Asset Reconstruction for the sale of its Non-Performing Assets (NPA) portfolio in 2022.

In December 2022, the lender transferred its NPA portfolio (stressed assets loans portfolio) to JC Flowers ARC.

“In this regard, the bank would like to inform that it has received ₹429 crore from a single trust in the Security Receipts Portfolio,” Yes Bank said in a regulatory filing dated March 21.

Yes Bank shares on Friday settled 1.36% up at ₹17.17 apiece on the National Stock Exchange (NSE). The lender’s stock hit its 52-week high of ₹28.55 per share on the NSE on April 29, 2024, while it touched its 52-week low of ₹16.02 apiece recently on March 12, 2025. Yes Bank’s market capitalisation stands at ₹53,928.43 crore.

Yes Bank Q3 results

Yes Bank announced its financial results for the October-December quarter of the current fiscal (Q3 FY25) on January 25, 2025, posting a 165% jump in its net profit to ₹612.3 crore as against ₹231.5 crore in the year-ago period.

The private lender’s Net Interest Income (NII) climbed 10.2% to ₹2,223.5 crore in the reporting quarter as compared to ₹2,016.9 crore posted in Q3 FY24. Its Gross NPA remained unchanged at 1.6% and its NPA stood at 0.5% in Q3 FY25.

Yes Bank’s interest income for the December quarter stood at ₹7,829.13 crore, marking a 12% year-on-year (YoY) jump, and its interest expenses jumped to ₹5,605.62 crore, rising by 12.8% from ₹4,967.96 reported in Q3 FY24.

Yes Bank-DPIIT pact

The Department for Promotion of Industry and Internal Trade (DPIIT) announced on Thursday that it has signed a pact with Yes Bank to foster innovation and facilitate funding access, mentorship, and infrastructure support for early-stage startups.

“The partnership will leverage DPIIT’s Startup India initiative and Yes Bank’s financial expertise to facilitate market linkages, funding access, mentorship, and infrastructure support for early-stage ventures. Startups will benefit from Yes Bank’s HeadStartup program, which offers tailored banking and financial solutions, including working capital, credit access, and cash flow management. Additionally, they will gain access to Yes Bank’s extensive network, strategic partnerships, and industry expertise, enabling them to scale operations and attract investments effectively,” a Ministry of Commerce & Industry dated March 20 said.