Yes Bank has informed that the Bank has received a communication on May 22, 2024, from Reserve Bank of India (RBI) stating that RBI had imposed a monetary penalty of Rs. 100 on the Bank for discrepancies observed during processing of Soiled Note Remittances. This penalty has been imposed in accordance with Master Direction DCM (CC) No.G3/03.44.01/2023-24 dated April 03, 2023 on ‘Scheme of Penalties for bank branches and Currency Chests for deficiency in rendering customer service to the members of public’. Information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and the SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure A.
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