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RBI fines ICICI bank ₹1 crore, Yes Bank ₹91 lakh
short by Arshiya Chopra / on Monday, 27 May, 2024
The Reserve Bank of India has imposed a monetary penalty of ₹1 crore on ICICI Bank for non-compliance with certain directions issued on 'Loans and Advances - Statutory and Other Restrictions'. The RBI also stated that it fined Yes Bank ₹91 lakh for non-compliance with certain directions issued on 'Customer Service in Banks' and 'Un-authorized Operation of Internal/Office Accounts'.
read more at Moneycontrol