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RBI blasts Yes Bank for divulging 'confidential' nil divergence report

Updated : February 16, 2019 05:17 PM IST

RBI further said that nil divergence is not an achievement to be published and is only compliance with the extant Income Recognition and Asset Classification norms.
RBI viewed the issuance of the press release as a serious matter and said that it could entail further regulatory actions against Yes Bank.

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