Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
YESBANK · price
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Yes Bank has received communication from RBI informing that a monetary penalty of Rs. 31.80 Lakh has been imposed on the Bank. The penalty was imposed because the Bank failed to put in place a system of using KYC Identifier assigned by Central KYC Records Registry for establishing account-based relationships with customers. The penalty has been imposed under section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949. The Bank received this communication on May 8, 2026.
The penalty amount of Rs. 31.80 Lakh is relatively small for a bank of Yes Bank's size and is unlikely to have any material financial impact. However, it reflects a compliance lapse in KYC processes that regulators may scrutinize further.