Did not conceal corporate NPAs or manipulate stock prices, Yes Bank
Yes Bank is facing a litany of complaints such as under-reporting of bad loans, concealing non-performing assets (NPAs), and inflating share prices ahead of fund-raising activities. NSE had asked for its clarification following a written complaint.
Now, India’s fourth largest private sector bank has gone ahead and refuted all these allegations. It also denied allegations of parallel dealings with “Three Sisters Family Office,” which manages personal investments of incumbent CEO and MD Rana Kapoor.
In a filing with NSE, the bank stated that it has regularly made disclosures related to these aspects.