Yes Bank general counsel Sanjay Nambiar resigns

Sanjay Nambiar, Yes Bank's group general counsel, has resigned after 15 years, amidst an Enforcement Directorate investigation into loan fraud during his tenure. The probe focuses on loans worth ₹3,000 crore allegedly diverted to shell firms linked to Anil Ambani's group. The ED is also scrutinizing Yes Bank's dealings with ADAG entities and Reliance Mutual Fund's investment in AT-1 bonds.

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