Yes Bank Ltd. informed the exchanges that the Reserve Bank of India found under-reporting of bad loans at the bank in 2018-19.

The regulator had previously detected a divergence in the assessment of bad loans in FY16 and FY17 but none in FY18.In FY19, according to the private lender’s exchange notification, the RBI assessed the level of gross non-performing assets at Rs 11,159 crore.

As per the RBI’s rules, banks are required to disclose any divergence of more than 15 percent.The market regulator recently specified that this divergence should be disclosed to investors within a day of the receipt of RBI’s report.