RBI Imposes Hefty Fines on ICICI Bank and Yes Bank: Unraveling the Reasons Behind
ICICI didn’t comply with ‘Loans and Advances – Statutory and Other Restrictions’ · ICICI also failed due diligence to assess the feasibility and sustainability · Yes Bank violated regulations related to ‘Customer Service in Banks’ · ICICI Bank’s Rs 1 Crore Penalty, Yes Bank’s Rs 91 Lakh Penalty In a recent development, the Reserve Bank of India (RBI)…


