RBI fines Yes Bank Rs 91 lakh and ICICI Bank Rs 1 crore. This is the reason
RBI: ICICI Bank and Yes Bank were hit with fines by RBI after an inspection for FY22 found non-compliance. In short ‘Loans and Advances – Statutory and Other Restrictions’ was not followed by ICICI. ICICI failed in their due diligence to evaluate the sustainability and viability of Yes Bank broke the rules on Customer Service…