RBI Penalises Yes Bank ₹31.8 Lakh

RBI imposed a monetary penalty of ₹31.80 lakh on Yes Bank for non‑compliance with KYC directions.
The penalty stems from failure to implement the Central KYC Records Registry identifier system for account‑based customer relationships.
RBI’s action follows a statutory inspection covering the bank’s financial position as of 31 Mar 2025 and a show‑cause process.
The penalty does not affect transaction validity and RBI may pursue additional enforcement actions against the bank.