Yes Bank accuses Kotak family-owned newspaper of defaming them
Yes Bank has accused Business Standard newspaper of publishing "malicious and defamatory news reports", suggesting this was done at the behest of Uday Kotak. The bank has called the "continuous negative propaganda" as an "attempt to destabilise" it. Kotak Mahindra Bank said promoter Uday Kotak doesn't have any stake in Business Standard and that its ownership is with Kotak family.