RBI fines YES Bank ₹31.8L, Hinduja Housing Finance ₹1.8L
NewsBytes | May 9, 2026 12:39 AM CST
RBI flags KYC and governance lapses
RBI's inspection found that YES Bank wasn't fully following Know Your Customer (KYC) rules as of March 2025, which are meant to keep banking safe and transparent.
Hinduja Housing Finance's penalty was about not sticking to the RBI's governance guidelines.
These actions show RBI is serious about keeping banks and finance companies in check: no shortcuts allowed.
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