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BRIEF-Yes Bank initiated proceedings against borrowers accused of fraud
February 14, 2017 / 8:27 AM / 7 months ago

BRIEF-Yes Bank initiated proceedings against borrowers accused of fraud

Feb 14 (Reuters) - Yes Bank Ltd

* Yes Bank clarifies on news item “Yes Bank cheated of INR 17 crore, case filed against four”

* Says concerned loan accounts were booked in 2012 which were reported as non performing accounts in Oct 2015

* Initated prosecution proceedings against the fraud perpetuated by borrowers

* No material impact on the financials due to fraudulent activities Source text: (bit.ly/2krJ2Jb) Further company coverage:

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