YES Bank planning to sell Rs 4,000-crore exposure to Vodafone Idea

Proceeds to be used to shore up liquidity

YES Bank is planning to sell its Rs 4,000-crore exposure to Vodafone Idea to asset reconstruction companies or to other institutions and use the proceeds to shore up its liquidity, said a source close to the development.

The Vodafone Idea loan is touted as a major risk by analysts for YES Bank after the telecom major was asked to pay Rs 54,000 crore of AGR (adjusted gross revenue) dues. Apart from Vodafone Idea, the stressed pool at the bank is largely made up of Essel Group, Reliance Anil Dhirubhai Ambani Group (ADAG), DHFL and commercial real estate book.

Apart from Vodafone Idea,