Mumbai, March 21 -- Reliance Group chairman Anil Ambani appeared before the Enforcement Directorate (ED) in Mumbai on Thursday to apprise the probe agency of the group's exposure to YES Bank Ltd.

In a statement, Reliance Group said its entire exposure to YES Bank is fully secured and transacted in the ordinary course of business. "All transactions between the Reliance Group and YES Bank are in compliance with the law and financial regulations." On March 18, Mint reported that ED was probing certain alleged quid-pro-quo transactions pertaining to Reliance Home Finance and Reliance Commercial Finance.

According to the statement, Ambani also clarified to the agency that Reliance Group has no direct or indirect exposure to YES Bank co-founder...