When I place PSD in Illustrator the colour look dull & faded
After my latest Illustrator update (25.2.1) I have noticed that all my previous work and new work where PSD file was placed, the colors have become very dull and faded
My photoshop is 22.3.0

Above is the PSD file as see in Photoshop, whereas below is the one that is placed in Ilustrator.

As you will notice that the colors have really gone faded. I have checked the profile its RGB on both the apps. And my previous work that was orginally showing correct colors is also now showing faded colors. Hence its not the file setting because my old work has the same setting that it had originally.
Anyone has an idea what culd have gone worng ?
