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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 21-NOV-2024

PRIVATE BANKS: OPENED AND OPERATED CERTAIN INTERNAL ACCOUNTS IN THE NAME OF ITS CUSTOMERS FOR UNAUTHORIZED PURPOSES LIKE PARKING FUNDS AND ROUTING CUSTOMER TRANSACTIONS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person YES BANK LTD.
  LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS

OPENED AND OPERATED CERTAIN INTERNAL ACCOUNTS IN THE NAME OF ITS CUSTOMERS FOR UNAUTHORIZED PURPOSES LIKE PARKING FUNDS AND ROUTING CUSTOMER TRANSACTIONS   		IMPOSED PENALTY RS.91,00,000

17-MAY-2024 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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