Yes Bank

YES Bank has disclosed that the Department of Telecommunications (DoT) has invoked bank guarantees worth ₹281.44 crore issued by the bank on behalf of a borrower that has been under the Corporate Insolvency Resolution Process (CIRP) since 2018. YES Bank has stated that its claim in the insolvency proceedings has been admitted, while the bank is assessing the net financial exposure and potential provisioning impact from the invocation. The development is important for YES Bank investors because any unrecovered amount could affect provisions and profitability, although the admitted claim provides a potential avenue for recovery