New Delhi, Feb. 19 -- Bankers are flummoxed by RBI's warning to YES Bank for making public its zero divergence in NPAs in the fiscal 2018. The RBI's harsh view of YES Bank's move has confused lenders on whether it is a good practice to disclose NPA divergence, even though regulatory guidelines make it compulsory to disclose it in their notes to accounts.
"The RBI's reprimand to YES Bank is strange because banks have been making their NPA divergence numbers public. We are still trying to figure out what it means for us because there has been very rarely such harsh public communication by the central bank," said a top risk officer at a private sector bank. The assessment of divergence is based on information shared with banks followed by mee...