Yes Bank has filed a police complaint against ‘fake news and rumours’ on social media
After a 'forced sale' of pledged shares that resulted in a 23% slum in share price, the private sector bank is now battling 'fake news' making rounds on Facebook-owned WhatsApp messaging and media sharing mobile application that's scaring away its depositors and account holders.
To deal with it, Yes Bank has filed a police complaint against 'fake news and rumours' on social media about its finances. The bank said there was an attempt to scare depositors. The complaint was lodged with the Mumbai Police's cyber cell while also informing the exchanges about this move on Sunday.
The bank has requested 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.
TAKING ACTION
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- Yes Bank has filed a police complaint against ‘fake news and rumours’ on social media
- The bank has requested authorities to form a team of experts for detecting the origin of the fake news
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"Over the past few days some miscreants have been spreading false information and malicious rumours about Yes Bank on WhatsApp and other social media platforms to create panic and fear in the mind of its depositors. The messages attempt to portray the bank in poor light and are intended to tarnish the image of the bank in the eyes of its depositors, stakeholders and the general public," the private sector bank said in its statement to the bourses.
It added that the bank remains committed to protecting the interest of all its valued stakeholders and promises to take strong steps against the fear/ panic mongers. "The bank appeals to its trusted patrons to be cautious of false information circulating against it and assures that its financial position continues to be absolutely safe and sound," the bank said.
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"Over the past few days some miscreants have been spreading false information and malicious rumours about Yes Bank on WhatsApp and other social media platforms to create panic and fear in the mind of its depositors. The messages attempt to portray the bank in poor light and are intended to tarnish the image of the bank in the eyes of its depositors, stakeholders and the general public," the private sector bank said in its statement to the bourses.
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