RBI imposes â¹2 cr penalty on IDFC Bank, â¹6 cr on Yes Bank
The RBI imposed a penalty of â¹6 crore on Yes Bank and â¹2 crore on IDFC Bank for violating regulations issued by RBI. Yes Bank was fined for breaching its rules on classifying non-performing assets and failing to report a cyber-security incident involving its ATMs on time. IDFC Bank was penalised for breaching regulatory restrictions related to loans and advances.