Yes Bank will invest up to Rs 350 crore for a potential 20 per cent stake in asset reconstruction company JC Flowers, which has emerged as the base bidder for the lender’s bad loans worth Rs 48,000 crore. It is planning to raise up to $1 billion in FY23 to bolster its core capital base once the NPA challenge is over, its MD and chief executive Prashant Kumar said.

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