They mentioned this in the CONCALL. Actually I have found 3 to 4 extremely important point on yesbank and am very excited to share them. Somehow waiting for some conclusive proof to post all of them together. After going through the con call I was completely clear on this entire asset transfer. Actually as per RBI guidelines they cannot record the value of 11100 cr in their books because logically they are not receiving any cash and if they increase their book value and later the asset recovery does not happen then there is a big challenge. So the assets will be recorded at NET VALUE which is 8300 cr. As you said 15% will further reduce the carrying value. If you ask me this is extremely positive news because earlier I was thinking this will increase book value without rooting through P&L but now this 1100 cr ( might not be exact) will come through P&L.
If you ask me we can expect this 1100cr in end FY24 or MID FY 25
secondly they have targeted 5000cr of recovery this year which does not include recovery from ARC. This was again a big positive surprise for me.
For further reference this is screenshot of con call for better understanding
Thankyou for taking time and writing.
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