Disclosure of Nil Divergence as per regulatory norms: Yes Bank

NEW DELHI: Private lender Yes Bank on Tuesday said the disclosure of 'nil divergence' was as per the regulatory guidelines, days after the RBI threatened to take action for making a confidential report public. The bank was of the view that the information received under Risk Assessment Report (RAR) regarding "Divergence" was an Unpublished Price Sensitive Information (UPSI) and which is likely to be misused or leaked, Yes Bank said in a clarification to NSE.