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The RBI said the bank failed to put in place a system of using KYC Identifier assigned by Central KYC Records Registry for the purpose of establishing an account-based relationship with customers.
Earlier, a statutory inspection for supervisory evaluation of the bank was conducted by the RBI with reference to its financial position as on March 31, 2025.
In another statement, it said a penalty of Rs 1.8 lakh has been imposed on Hinduja Housing Finance Ltd for non-compliance with certain directions issued by RBI, relating to ‘governance’.
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https://economictimes.indiatimes.com/markets/stocks/news/rbi-imposes-penalties-on-yes-bank-hinduja-housing-finance/articleshow/130969471.cms
