The Reserve Bank on Monday imposed a fine of Rs 5 crore on Axis Bank, Rs 4.5 crore on HDFC Bank and Rs. 1 crore on ICICI Bank for violation of Know Your Customer KYC norms and anti-money laundering guidelines after inquiring into charges leveled by a online portal Cobrapost. The central bank said in a statement in Mumbai that RBI imposed a penalty of Rs.5 crore on Axis Bank, 4.5 crore Rs on HDFC Bank and Rs. 1 crore on ICICI Bank.The penalty follows scrutiny carried out by RBI of books of accounts, internal control, compliance systems and processes of these three banks at their corporate offices and some branches during March and April this year. The scrutiny was conducted to investigate into the allegations of contravention of Know Your Customer KYC,anti-money laundering guidelines against them following expose by online portal Cobrapost. The statement said although the investigation did not reveal any prima facie evidence of money laundering, RBI said, any conclusive inference in this regard can be drawn only by an end-to-end investigation of the transactions by tax and enforcement agencies. RBI further said that a similar scrutiny was being conducted at corporate offices of 36 other banks and the process of follow up action in respect of these banks is at different stages of its completion .