INSUBCONTINENT EXCLUSIVE:
(RAR), which had said there was no divergence between what the bank reported as non-performing assets and that identified by the
regulator.
In a late evening notice to stock exchanges, Yes Bank said the central bank expressed its displeasure for disclosing the contents
form and manner of disclosure prescribed by regulations
Therefore, the press release breaches confidentiality and violates regulatory guidelines
Moreover, NIL divergence is not an achievement to be published and is only compliance with the extant income recognition and asset
release did not reveal many lapses and was hence a deliberate attempt to mislead the public
one part of the RAR is viewed by RBI as a deliberate attempt to mislead the public
