'Yes Bank' registers a complaint against fake news, alleging it of frightening investors

Yes, Bank filed a police complaint against fake news stating that misinformation was posted on social media concerning the bank's finance. The complaint was filed at Mumbai Police's Cyber cell when the investors withdrew their shares, and the capitals at the stock market hit a downfall. The bank's police complaint says that the fake news was scaring away its investors and depositors.

The rise of mobile internet in India has resulted in social tremors, with users falling prey to false information. Due to the lack of digital literacy, people are easily exposed to Fake News.

One of the biggest reasons is that fake news is usually engaging, and frightening which drives people to share them in a flash. It intends to create chaos among the general public. For a few days, some perpetrators are circulating fake news and ill-disposed falsehoods about Yes Bank on social networking sites and WhatsApp to generate fright among the bank's clients. The information seeks to present the bank in bad standing and is aimed to defame the bank's image among its clients, shareholders, and society.

"Yes Bank filed a charge by Mumbai Police and Cyber Cell on the propagation of fake news and advertising of lies about the bank's economic status on different social media platforms such as WhatsApp," said the bank in its report. The bank also asked the authorities to establish a committee of specialists to look over the issue of rumor-mongering and find the convict guilty of spreading fake news over social media platforms, they also requested the experts to find the origin of the fake news.

The bank requests its stakeholders and investors to be aware of false information. 'We assure our client that Yes Bank's financial standing is safe and reliable and would continue to be the same for a long time,' it says. It is no doubt that since the last few years, fake news has become a threat to Indian democracy and the people of India. Misinformation that is aggressively spread or shared through social media platforms causes chaos and distress among the public.

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