New Delhi: Troubled Yes Bank owes Rs 662 crore to Indiabulls Housing Finance Ltd (IHFL) in forms of bonds, said IHFL in a regulatory filing.
IHFL had made investments in AT-1 bonds of Yes Bank in 2017. The move was part of its treasury management of over Rs 20,000 crore of cash.
“We wish to inform that Yes Bank owes to Indiabulls Housing Finance Rs 662 crore via additional tier 1 (AT-1) bonds,” IHFL said in a filing to the BSE.
IHFL, on the other hand, does not owe anything to the Yes Bank, the company further said.
Yes Bank Founder Rana Kapoor has been arrested on Sunday on charges of money laundering and receiving kickbacks for facilitating loans to corporate and even dummy companies.
The Board of Yes Bank has been superseded by RBI Yes Bank has been placed under moratorium till 3 April.