Friday, March 6, 2020

RBI to look into what went wrong at Yes Bank: Sitharaman

The bank was being monitored since 2017 and developments relating to it were being monitored on a day-to-day basis, she said at a press conference. Since 2017, the central bank noticed governance issues and weak regulatory compliance at Yes Bank, besides wrong asset classification and risky credit decisions, she said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2IlL9MW

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