Yes Bank denies window dressing of corporate accounts to hide NPAs
The bank had reported a gross and net NPA of 1.3 per cent and 0.59 per cent respectively as on June 30, 2018.
By : DC Correspondent
Update: 2018-09-27 13:30 GMT
Mumbai: 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 (NPAs).
The bank had reported a gross and net NPA of 1.3 per cent and 0.59 per cent respectively as on June 30, 2018. The bank said the NPA figures are "among the finest in the Indian banking industry".
"The bank has not entered into any transactions with the intent to do any window dressing of corporate accounts to conceal NPA status," Yes Bank said in response to a query by the National Stock Exchange if the bank had indulged in window dressing to hide bad loans. The RBI recently curtailed the tenure of Yes Bank's founder and CEO Rana Kapoor till January 2019.