Thursday, February 14, 2019

Yes Bank passes RBI's divergence test

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RBI has found nil divergences in the lender’s asset classification and provisioning in 2017-18. As part of its supervisory processes, RBI assesses compliance by banks with extant prudential norms on income recognition, asset classification and provisioning.

In two prior years, YES Bank had reported divergences of Rs 4,176 crore for 2015-16 and Rs 6,355 crore for 2016-17.

The bank due to variety of reasons has lost the confidence of investors and as of now trading at 50% discount to its peak valuation a year ago.

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