Essel promoters to make good shortfall in collateral for YES Bank loan

The group has pledged shares of Dish TV which are not adequate under RBI norms

Essel group promoters plan to make good any shortfall in the collateral for a loan they have taken from YES Bank. The lender, which has an exposure of Rs 3,300 crore to the promoter entities of Essel group, has asked promoters to increase the collateral given to the bank so that it can ring-fence its exposure to the group, said sources. 

Sources said that the bank claimed the current collateral is not adequate according to Reserve Bank of India guidelines, due to the sharp fall in the share price of Dish TV in the last one year. Yes Bank was