RBI slaps Rs 1 cr fine on Yes Bank for non-compliance in Swift operations

“The Reserve Bank of India (RBI)... has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment of implementation of SWIFT-related operational controls,” Yes Bank said in a regulatory filing.

from Hindustan Times - topnews https://ift.tt/2NIi9kz