Case Brief
By an order dated May 16, 2025, RBI imposed a monetary penalty on Yes Bank Limited after a statutory inspection found non-compliance with RBI directions on financial statements presentation and disclosures. RBI said the bank had not disclosed correct and complete information about customer complaints in its Annual Financial Statements for FY 2023-24. The penalty was imposed under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, following a show-cause notice, written submissions, and a personal hearing.
Action Snapshot
- Primary Impact
- Fine: Rs 29.6 L
- Entity Type
- Bank
- Action Type
- Monetary penalty