Yes Bank Deliberately Misleads

Yes Bank recently released a report by RBI which stated that it had given the private lender a clean chit and found nil divergences in asset classification and income recognition. However, this was not the whole truth and Yes Bank conveniently omitted the fact that RBI in the same Asset Quality Report had discovered non-reporting of NPAs in 2015-16 to the tune of 4,176 crore ₹ and in 2016-17 of 8,373 crore ₹. The report was also a confidential one and was not to be revealed to the public. Serious accounting malpractices and loans are given contrary to the bank's lending policies were also found which finally led to the RBI insisting Yes Bank's founder Rana Kapoor be removed. The RBI has promised regulatory action for this breach of trust and deliberately attempting to mislead the public which made Yes Bank's shares rise 32% in a single day. #HWNewsEnglish #PoliticalNews #News SUBSCRIBE to HW News English Here ► http://bit.ly/Subscribe-HWNews-English For NEWS and POLITICAL updates in English. Send us a ‘Hi’ on our Whatsapp Number - 9820918578 Connect With Us On: → Facebook:   / hwnewsenglish   → Twitter:   / hwnewsenglish   → Instagram:   / hwnewsenglish   For More Videos Visit Here: https://hwnews.in/