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RBI warns action against Yes Bank for disclosing nil divergence report
Feb-16-2019

The Reserve Bank has warned Yes Bank of regulatory action for disclosure of nil divergence report in violation of the confidentiality clause. The RBI has not found any divergence in the asset classification and provisioning done by the lender during 2017-18.

Risk Assessment Report (RAR) identifies several other lapses and regulatory breaches in various areas of the bank's functioning and the disclosure of just one part of the RAR is viewed by RBI as a deliberate attempt to mislead the public.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

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