Yes Bank Ltd. denied rumors that its business correspondents and affiliated agents are being stopped by the Indian central bank from carrying out their business.

The bank denied the various messages that were being circulated through email and messaging apps about the matter. "Certain miscreants with vested interest and clear intent to malign our reputation are spreading misinformation about the bank," it said in an Aug. 11 release.

The bank is already in the process of filing a report to the police about the matter.