RBI fines Yes Bank over 'zero account balance' charges
Yes Bank violated RBI norms by imposing charges on bank accounts where the balance had run down to zero. It had also opened and operated internal accounts in customers' names for unauthorised purposes such as parking funds and routing transactions.
Yes Bank violated RBI norms by imposing charges on bank accounts where the balance had run down to zero. It had also opened and operated internal accounts in customers' names for unauthorised purposes such as parking funds and routing transactions. What's Your Reaction?
