Business Standard's response to Yes Bank's letter, with copies to BSE, NSE

Business Standard rejects Yes Bank's allegations about negative reporting of recent events at the Bank

In a letter to the Business Standard editor, Yes Bank has accused the paper of  negative reporting of recent events at the Bank, allegedly influenced by Business Standard having common shareholders with Kotak Mahindra Bank. In support, the Bank has appended 13 reports in the paper since September.

In a reply to the Bank, Shyamal Majumdar, editor of the paper, has rejected the charge, especially since no factual errors have been pointed out by the Bank. Most of the reports alluded to are of a routine nature, relating to press releases and other announcements by regulators, credit rating agencies or