Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
Yes Bank Limited received a communication from the Reserve Bank of India on May 16, 2025, informing it of a monetary penalty of Rs 29.60 lakh. The penalty was imposed for non-disclosure of correct and complete information about customer complaints in the Bank's Annual Financial Statements for FY 2023-24. RBI exercised its powers under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 to levy this penalty. The Bank has disclosed this under SEBI's Regulation 30 read with Schedule III and the relevant SEBI circular. The financial impact stated is limited to the Rs 29.60 lakh penalty amount itself.
The penalty is very small in the context of Yes Bank's overall size and financials, so the direct financial hit on shareholders is negligible. However, this is a compliance lapse relating to disclosure quality, which may attract attention from investors and analysts focused on governance and regulatory standing.