Disclosure of Nil Divergence as per regulatory norms: Yes Bank

Private lender Yes Bank on Tuesday said the disclosure of 'nil divergence' was as per the regulatory guidelines, days after the RBI threatened to take action for making a confidential report public.

The bank was of the view that the information received under Risk Assessment Report (RAR) regarding "Divergence" was an Unpublished Price Sensitive Information (UPSI) and which is likely to be misused or leaked, Yes Bank said in a clarification to National Stock Exchange.

The exchange had sought clarification from the bank regarding Risk Assessment Report for the year ended March 31, 2018.

"It was deemed expedient to share this information through the stock exchanges to all market participants and not to withhold the same till finalisation of the Annual Results," it said.

Thus, it said, the bank has not indulged in any sort of misrepresentation or in providing any misleading information to the stock exchanges and the investors.

"The bank has not made any undue advantage or benefit by ...