Yes Bank said with this recovery, it now has an exposure to only one account, aggregating to only Rs 23.85 apiece on BSE."Yes Bank has recovered an amount of Rs 184 crore against an original claim filed for Rs 325 crore pursuant to the sale of Bhushan Steel to Tata Steel Limited under the recently concluded NCLT/Insolvency and Bankruptcy Code (IBC) proceedings," Yes Bank said in a BSE filing. Total recoveries (against claims of Rs 325 crore) is Rs 216 crore (66 per cent), it said.4 crore (with 50 per cent provision) as on March 31, 2018, from borrowers referenced in the first list of the RBI IBC NCLT process.Tata Steel had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction.25 per cent lower at Rs 333.. Shares of Yes Bank were trading 0.New Delhi: Private sector lender Yes Bank has recovered 66 per cent of the original claim filed for Rs 325 crore after the sale of Bhushan Steel to Tata Steel under the insolvency resolution process.In June last year, RBIs internal advisory committee (IAC) identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans and accounting for 25 per cent of total NPAs of banks. Yes Bank said write back of roofing screw for sale provisions consequent to the above recoveries were Rs 36 crore.Earlier, it had recovered Rs 32 crore through sale of pledged shares.

5 per cent, according to two sources and a government document reviewed by Reuters, as the country looks to support the rupee.The steel and trade ministries did not immediately respond to requests seeking comment.New Delhi: India’s steel ministry has proposed increasing the effective import duty on some steel products to 15 per cent from current rates ranging from 5 per cent to 12.In calendar 2017, India imported more than 7 million tonnes of steel from countries including South Korea, Japan and China.In the three months to end-June, India became a net steel importer for the first time in two years, with foreign supplies reaching 2.The source said there was no certainty that the proposed duty would be imposed.1 million tonnes, up 15 per cent from a year earlier, according to official data..The proposal, which is part of a broader government plan to cut “non-necessary” imports to stop an outflow of dollars China self drilling screw for sale that has sent the rupee to record lows, will be discussed in the trade ministry on Wednesday, according to one of the sources involved in the matter.“The broader message is to address the trade balance but we will try to promote ‘Make in India’ by encouraging domestic (steel) production,” said the source, who declined to be named ahead of a possible decision.

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