New Delhi: The Enforcement Directorate has summoned Anil Ambani in the Yes Bank crisis case. He has been asked to appear before the Enforcement Directorate officials in Mumbai for questioning in the case of loans issued by Yes Bank.
Anil Ambani has given some time to appear, citing health reasons. Now the ED will issue a second summon on Monday. Otherwise, Reliance Financial Officers will be called this week. Anil Ambani was summoned on Saturday.
Let me tell you, the distressed Yes Bank informed on Saturday that it had a loss of Rs 18,564 crore in the quarter ended December, 2019. This private sector bank is currently being operated by Prashant Kumar on the orders of the Reserve Bank of India. The bank had reported a profit of Rs 1,000 crore in the same period last year and a loss of Rs 629 crore in the quarter ended in September.
Yes Bank’s non-performing assets (NPAs) increased to 18.87 percent in the December quarter from 7.39 percent in the previous quarter (September). Along with this, there has been a decline in the cash essentially kept with the bank. Under the scheme approved by the Union Cabinet, Kumar can be the new Chief Executive and Managing Director of the bank.
