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.
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 Share Price Target 2025, 2025, 2026 – 2030
|
Year
|
Maximum Target
|
Minimum Target
|
| 2025 |
₹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 |
Category: Stock Market
Yes Bank’s share price target is between ₹23.25 to ₹31.70 in 2025
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 2025, 2025, 2026, 2027, 2028 To 2030 Our Informations
ICICI Bank Share Price Target 2025, 2025, 2026 to 2030
|
Year
|
Maximum Target
|
Minimum Target
|
| 2025 |
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 2025 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
