- The Reserve Bank of India (RBI) has imposed fines on Deutsche Bank AG and Yes Bank Ltd.
- These penalties were issued due to violations of regulatory norms.
- Deutsche Bank was fined ₹50 lakh.
- The penalty was imposed for non-compliance with RBI rules regarding reporting of large credit exposures.
- Specifically, it failed to report credit data of certain borrowers to the CRILC system.
- CRILC stands for Central Repository of Information on Large Credits.
- Yes Bank was fined ₹29.6 lakh.
Tags:
Economics
