Private sector lender YES Bank, on Thursday, said it has not indulged in any window-dressing of its corporate accounts to conceal non-performing assets, and also denied that it had indulged in manipulation of the stock price ahead of fund-raising activities.

“The bank has not entered into any transactions with the intent to do any window-dressing of corporate accounts to conceal NPA status,” it said in a clarification to a query by the National Stock Exchange on whether the lender had indulged in any window-dressing of accounts to conceal actual NPAs by ever greening of loans. YES Bank, which is the country’s fourth largest private sector lender, had reported a gross NPA of 1.31 per cent and net NPA of 0.59 per cent for the first quarter ended June 30, 2018. This is “amongst the finest in the Indian banking industry”, it said.

“The bank has been making all disclosures to stakeholders on NPA divergence related findings by the regulator,” it said.

In response to another query by NSE on parallel lending and investing businesses run by Kapoor’s family office, which could impact the interests of the lender, YES Bank said it has no dealings with the Three Sisters Family Office. The firm is run by the bank’s Managing Director and CEO Rana Kapoor’s three daughters.

To another query by the NSE on influencing market participants to artificially inflate or support the bank’s share price before key fund-raising activities, the bank stressed that it had followed all guidelines.

On Thursday, the scrip of YES Bank fell 9.14 per cent on the Bombay Stock Exchange and closed at ₹203.20 apiece.

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