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UBS Overstated Our Stressed Assets: Yes Bank

PUBLISHED ON: July 8, 2015 | Duration: 11 min, 15 sec

   
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Rajat Monga, chief financial officer at Yes Bank says UBS report, which stated that the private lender's net nonperforming assets could go up to 4.5 per cent of advances, is not based on correct data. Yes Bank's gross NPA is 42 basis points and net NPA is 12 basis points of total advances, he added.
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