Reserve Bank of India (RBI) imposed fine on Deutsche Bank AG and Yes Bank Limited

• 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.