Reserve Bank of India (RBI) Imposes Penalties on YES Bank and Hinduja Housing Finance Ltd

Exam-focused facts from the 12 May 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹31.80 lakh on YES Bank.
The penalty on YES Bank was levied for non-compliance with certain provisions of the Know Your Customer (KYC) norms.
YES Bank failed to implement a system using the KYC Identifier assigned by the Central KYC Records Registry for establishing account-based relationships.
The RBI conducted a statutory inspection for supervisory evaluation of YES Bank with reference to its financial position as on March 31, 2025.
A separate penalty of ₹1.8 lakh was imposed on Hinduja Housing Finance Ltd for non-compliance with directions relating to governance.