The Exchange has sought clarification from Yes Bank Limited (NSEI:YESBANK) with respect to recent news item captioned Yes Bank in talks with ARCs to sell NPAs worth over INR 320.00 billion. The Bank would like to clarify that, the Bank in its normal course of business explores options of selling NPAs to ARCs as it may deem necessary. Certain news articles reported by media carries reference to pricing of the said stressed portfolio and specific structure, which is speculative and has no bona fide reference. The Bank at this point is not part of such specific discussions. We shall keep the Exchange(s) informed of all the material development as required under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with Policy of the Bank on “Determination of Material Events under Regulation 30 of Listing Regulations”.