The penalty on 22 banks follows scrutiny carried out by RBI of books of accounts, internal control, compliance systems and processes of these banks at their corporate offices and some branches during April 2013. The scrutiny was conducted to probe allegations of contravention of Know Your Customer (KYC)/anti—money laundering guidelines against them following the expose. Important points with respect to the imposition of Fine • SBI along with Bank of India, Canara Bank, Bank of Baroda, Central Bank of India, Indian Overseas Bank and Federal Bank has been imposed with a penalty of 3 Crore Rupees. • The United Bank of India, Lakshmi Vilas Bank, Punjab National Bank, Jammu & Kashmir Bank and Andhra Bank were slapped a penalty of Rs. 2.5 crore each. • While, a penalty of 2 crore Rupees each was imposed on Yes Bank, Vijaya Bank, Oriental Bank of Commerce and Dhanlaxmi Bank.