RBI imposes penalty on Yes Bank and ICICI Bank

The penalties imposed on them are ₹91 lakh and ₹1 crore, respectively, RBI said in its orders. The Reserve Bank of India (RBI) has imposed monetary penalty on Yes Bank and ICICI Bank for non-compliances with certain directions issued by it. The penalties imposed on them are ₹91 lakh and ₹1 crore, respectively, RBI said in its orders.

RBI imposes penalty on Yes Bank and ICICI Bank

RBI stated that Yes Bank failed to adhere to the directives regarding ‘Customer Service in Banks’ and ‘Unauthorized Operation of Internal/Office Accounts’. Following an assessment showing non-compliance and corresponding communication, the bank was issued a notice to justify why it should not face penalties for not following the directives. After reviewing the bank’s response, oral statements during a hearing, and additional submissions, RBI concluded that the bank was at fault and imposed a monetary penalty. Yes Bank was found to have charged fees for not maintaining minimum balances in specific savings accounts with insufficient or zero balances and had created and utilized internal accounts without authorization for purposes such as holding funds and processing customer transactions.

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RBI announced that ICICI Bank failed to follow specific directives related to ‘Loans and Advances – Statutory and Other Restrictions’. It was discovered that ICICI Bank provided term loans to particular entities without assessing the feasibility of the projects to guarantee adequate revenue streams for debt servicing. Additionally, the repayment was done using budgetary resources, and there was a lack of confirmation that the funding was allocated to identifiable projects.

Yes Bank and ICICI Bank

Yes Bank and ICICI Bank are popular banks in India. Both offer various services like savings accounts, loans, and investments.

Yes Bank and ICICI Bank

Yes Bank Share Price Target 2024, 2025, 2026 – 2030

Year

Maximum Target

Minimum Target

2024 ₹23.25 ₹31.70
2025 ₹32.50 ₹32.50

2026

₹39.40

₹46.45

2027

₹47.10

₹56.10

2028

₹57.30

₹63.80

2029

₹64.25

₹79.55

2030

₹80.30

₹98.65

Yes Bank’s share price target is between ₹23.25 to ₹31.70 in 2024

Yes Bank’s share price target is between ₹32.50 to ₹32.50 in 2025

Yes Bank’s share price target is between ₹39.40 to ₹46.45 in 2026

Yes Bank’s share price target is between ₹57.30 to ₹63.80 in 2028

Yes Bank’s share price target is between ₹64.25 to ₹79.55 in 2029.

Yes Bank’s share price target is between ₹80.30 to ₹98.65 in 2030.

Read More:Yes Bank Share Price Target in 2024, 2025, 2026, 2027, 2028 To 2030 Our Informations

ICICI Bank Share Price Target 2024, 2025, 2026 to 2030

Year 

Maximum Target

Minimum Target

2024 Rs 1195.19 Rs 1068.73

2025

Rs 1454.00

Rs 1160.37

2026

Rs 1543.18

Rs 936.66

2027

Rs 1769.96

Rs 1088.00

2028

Rs 2065.09

Rs 1194.73

2029

Rs 2279.46

Rs 1260.67

2030

Rs 2671.84

Rs 1400.22

ICICI Bank Share Price Target 2024 is between Rs 1,195 and Rs 928.

ICICI Bank Share Price Target 2025 is between Rs 1,454 and Rs 814.

ICICI Bank Share Price Target for the year 2026 is between Rs 1,543 and Rs 936.

ICICI Bank Share Price Target 2027 is between Rs 1,088 and Rs 1,769.

ICICI Bank Share Price Target 2030 is predicted to remain between Rs 2,671 and Rs 1400.

Read More: ICICI Bank Share Price Target 2025, 2026, 2027 To 2030

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