Yes Bank

Ed: Is Yes Bank doing right in recalling loans to microfinance institutions?


Microfinance Focus, December 27, 2010: Receiving yet another blow, the aggrieved microfinance institutions are now being asked by private sector lender, Yes Bank to pay back their loans by the year end. According to a Livemint report, the Bank has sent notification to MFIs seeking a recall of around Rs 100 crores of loans which it has advanced to them.  YES Bank however declined to comment on its move citing client confidentiality.

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