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Yes Bank files complaint against fake news on its financial health

It said some miscreants were spreading false information and malicious rumours on WhatsApp and other social media platforms to create panic among its depositors. 

October 06, 2019 05:48 pm | Updated June 11, 2020 10:39 am IST - New Delhi

The lender has also requested the authorities to form a multi-disciplinary team of experts for detecting the origin of the fake news./ File photo

The lender has also requested the authorities to form a multi-disciplinary team of experts for detecting the origin of the fake news./ File photo

Yes Bank, a private sector lender, has lodged a complaint with the Mumbai police and the cybercell against dissemination of fake news and rumours on social media about the bank’s finances. 

“Yes Bank has requested the authorities to form a multi-disciplinary team of experts for detecting the origin of the fake news and assess the short-sell positions, held either directly or indirectly by such accused persons,” the bank said in a statement.

It said some miscreants were spreading false information and malicious rumours on WhatsApp and other social media platforms to create panic among its depositors. 

Yes Bank shares came under pressure recently after promoters sold shares and lenders invoked pledged shares.

“The messages attempt to show the bank in a poor light, and are intended to tarnish the bank’s image in the eyes of its depositors, stakeholders and the public,” the private sector lender said, adding it remained committed to protecting the interest of all stakeholders.

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