The Reserve Bank has imposed monetary penalty worth 6 crore 50 lakh rupees on six banks for violating Know Your Customer guidelines. In a press release issued in Mumbai today, RBI has informed that penalties ranging from 50 lakhs to two crore have been imposed on Allahabad Bank, Bank of Maharashtra, Corporation Bank, Dena Bank, IDBI Bank Ltd. and Indian Bank. The Apex Bank has however clarified that till now there is no prima facie evidence of money laundering.