RBI found Rs 3,277-cr divergence in NPA provisioning for FY19: YES Bank

After providing for in Q2, incremental gross NPA is Rs 2,018 cr; additional provision required is Rs 632 cr

Private sector lender YES Bank on Tuesday reported asset quality divergence of Rs 3,277 crore, based on receipt of the Reserve Bank of India’s (RBI’s) final risk assessment report for 2018-19.
 
If the divergence between what the RBI finds as gross non-performing assets (NPA) and what the bank reported is more than 15 per cent, the bank needs to disclose it to the public.
 
In a notification on the exchanges, YES Bank said the divergence amounts to Rs 3,277 crore, but of this, the bank has already classified as NPA Rs 1,259 crore as on September 30, setting