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The Department of Telecommunications invoked YES BANK’s ₹281.44 crore bank guarantees issued for a borrower’s deferred spectrum payments. The borrower is in insolvency proceedings, with the bank’s claim admitted; YES BANK is evaluating legal options. Net exposure after existing provisions exceeds the regulatory materiality threshold.
Yes Bank Receives ₹879 Crore Income Tax Refund After Appellate Win
Yes Bank Board Approves Up to ₹7,500 Crore Equity Raise Plan