YES Bank denies wrongdoing, says disclosure in line with guidelines

On February 14, the private lender had disclosed that the RAR had not found any divergence in asset classification and provisioning for 2017-18

Private sector lender YES Bank on Tuesday denied any wrongdoing stating that the ‘zero divergence’ disclosure was done to comply with the listing regulations and to ensure information symmetry.

Responding to queries by the National Stock Exchange (NSE), YES Bank said the disclosure it made on February 14 was in line with the guidelines laid down by the Reserve Bank of India (RBI) and market regulator Securities and Exchange Board of India (Sebi).

It said it treated the information pertaining to divergence in the RBI’s risk assessment report (RAR) as unpublished price sensitive information (UPSI) and hence, it required an