RBI Slaps Rs 1 Crore Fine on Yes Bank For Non-Compliance in Swift Operations

After the Punjab National fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kinds of transactions. On Monday, RBI had imposed a total monetary fine of Rs 8 crore on three banks - Karnataka Bank, United Bank of India and Karur Vysya Bank - for non-compliance of directions on Swift messaging software.

from Top Business News- News18.com https://ift.tt/2H0LLZR