The banking regulator assesses compliance by banks with extant prudential norms on income recognition, asset classification and provisioning (IRACP) as part of its supervisory processes. YES Bank has received the Risk Assessment Report for FY18 as an outcome of the IRACP process.
Divergence refers to the difference between the RBI's inspection report and the lender’s own report.
Against the Rs 748.98-crore of gross NPAs reported by Yes Bank as on March 31, 2016, the RBI assessment showed the tally at Rs 4,925.68 crore, leading to a divergence of Rs 4,176.70 crore.
This divergence further increased to Rs 6,335 crore in FY17 and was the main reason the former CEO Rana Kapoor's tenure was curtailed last year by the central bank.
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