InvestorQ : I have heard Moody downgrading YES bank? What is the reason for doing so?
Radhika Arya made post

I have heard Moody downgrading YES bank? What is the reason for doing so?

Answer
image
Ria Jain answered.
3 years ago
Follow

Stock price of YES crashed due to breach of trust due to divergence in not disclosing the correct NPA or Non-Performing Asset. YES bank reported NPA of Rs. 2018 crores while RBI records state that it has NPA of Rs. 8374 crores. There is a gap of Rs. 6356 crores from  YES Bank Management and so Moody downgraded the rating.


3 Views