Shares of Yes Bank Ltd fell as much as 8.2 per cent to Rs 156.60 on Monday.
The lender's shares surged on Thursday in their sharpest ever intra-day jump, after the Reserve Bank of India (RBI) cleared the bank of any divergences in bad loan reporting practices.
Lender later pulled up by the central bank for disclosing information as part of the Risk Assessment Report (RAR) for breaching confidentiality and violating regulatory guidelines, Yes said in a release on Friday.
“The report also identifies several other lapses and regulatory breaches in various areas of the bank's functioning and the disclosure of just one part of the RAR is viewed by RBI as a deliberate attempt to mislead the public,” Yes Bank said.
This development adds to the tussle between the central bank and the lender, which reeled under pressure last year to bring in a new chief executive officer (CEO) amid an increasingly assertive approach by the RBI to tackle domestic banks' bad debts.