In a thumbs-up to YES Bank, the RBI has found nil divergences in the lender’s asset classification and provisioning in 2017-18. “YES Bank has received the Risk Assessment Report for fiscal year 2017-18,” the lender said in a statement on Wednesday. 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 ₹4,176 crore for 2015-16 and ₹6,355 crore for 2016-17. Though there has been no formal word, it is widely perceived that divergences was one of the reasons why the RBI cut short Rana Kapoor’s term as MD and CEO.
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