YesBANK Limited announced that the Bank has received a communication on February 14, 2024, from Reserve Bank of India (RBI) stating that RBI had imposed a monetary penalty of INR 10,600/and INR 5,000/- on the Bank for discrepancies observed during processing of Soiled Note Remittances. This penalty has been imposed in accordance with Master Direction DCM (CC) No.G-3/03.44.01/2023-24 dated April 03, 2023 on "Scheme of Penalties for bank branches and Currency Chests for deficiency in rendering customer service to the members of public".