RBI imposes fine on six banks

MUMBAI (Reuters) - The Reserve of India imposed penalties in the range of 5 million rupees to 20 million rupees on six Indian banks for violation of client identification rules.

The banks are Allahabad Bank , Bank of Maharashtra , Corporation Bank , Dena Bank , IDBI Bank and Indian Bank.

(Reporting by Suvashree Dey Choudhury; Editing by Anand Basu)