The Reserve Bank of India (RBI) has imposed penalty of Rs 29.60 lakh on Yes Bank for non-compliance with certain directions issued by RBI on 'Financial Statements Presentation and Disclosures'.
The penalty is based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
