The Enforcement Directorate has identified over Rs.20,000 crore worth of Yes Bank’s non-performing assets (NPAs) for a separate probe. ED is probing whether these loans were disbursed after receiving instructions directly from the bank’s co-founder Rana Kapoor and whether the latter received kickbacks for approving the same. The ED suspects that there was lack of proper due diligence in approving such loans as well as non-adherence to RBI norms. As the next step, ED will start questioning officials from companies that have taken loans from Yes Bank and such loans have gone bad. The CBI will also partner with ED in this investigation. Ravneet Gill may also be called for questioning in the coming days. The ED suspects a complex modus operandi. It is suspected that Rana Kapoor had created several shell companies, which were used to receive kickbacks from the companies gone bad. Yes Bank has a total loan book of Rs.250,000 crore of which nearly 17% or Rs.42,000 crore is expected to have gone bad.