Yes Bank, Axis Bank, others under-reported NPAs, says report
Aug 16, 2018, 12:36 PM IST
The apex bank is examining as to whether banks have followed prudential norms in respect of their stressed assets, a senior public sector bank official told PTI. This is a part of regular annual inspection of book of the banks that the central bank undertakes each year after the closure of the financial year, added an official. Many lenders, including Axis Bank, Bank of India and Yes Bank, were reportedly caught for under-reporting of NPAs in wake of the annual inspection of the last year.
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