Yes Bank slapped with Rs 38 crore in GST fines for violating domestic remittances norms

Midsized private sector lender  Yes Bank has paid Rs 38 crore in fines to the  GST department for alleged  violations in domestic remittances, officials said Friday.  A  bank official , however, said the money has been paid "in protest" and the lender believes that it has not violated any norms.  The bank, which saw Friday its stocks bleed as much as over 35 per cent…