YES Bank Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Yes Bank has received communication from RBI dated May 8, 2026 informing that RBI imposed a monetary penalty of Rs. 31.80 lakh on the Bank. The penalty was imposed under section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949. The reason for the penalty is that 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. This is a KYC compliance failure related to the Central KYC Records Registry requirements.
The penalty amount of Rs. 31.80 lakh is relatively small for a bank of Yes Bank's size and is unlikely to have significant financial impact. However, it reflects regulatory scrutiny on KYC compliance. While not a major event, it may attract minor negative attention from investors concerned about the bank's compliance standards.