These 22 Banks Are Slapped With Rs.49.5 Crore Fines

1. Andhra Bank
Penalty Amount: Rs.2.50 Crore

Andhra Bank is a medium-sized public sector bank (PSB), with a network of 1,938 branches and 15 extension counters. The bank also operates in 25 states and three Union Territories. The bank is penalized with Rs.2.5 Cr by the Reserve Bank of India.

2. Bank of Baroda Penalty Amount: Rs.3.00 Crore

Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara. It offers a range of banking products and financial services to corporate and retail customers through its branches and through its specialized subsidiaries and affiliates in the areas of retail banking.

The bank is penalized with Rs.3.00 Crore for violating KYC/anti-money laundering norms.

3. Bank of India Penalty Amount: Rs.3.00 Crore

Bank of India is an Indian state-owned commercial bank with headquarters in Mumbai. It has 4187 branches as on 21 April 2012, including 52 branches outside India. Bank of India is fined with Rs.3 Cr by the Reserve Bank of India.

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