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Yes Bank : RBI launches inspection into tie-up with NBFCs

Nov 27, 2018 13:57 IST

The central bank on Monday launched an inspection into Yes bank's connection with NBFCs in light of the IL&FS crisis. RBI's supervision team is looking into statements of Yes Bank to probe exposure to IL&FS, DHFL, India Bulls. The move comes as a follow-up to a letter written by RBI to the bank to declare all statements. Yes bank in its second-quarter report had disclosed an exposure of 2,600 crore rupees to IL&FS.

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