THE RESERVE BANK OF INDIA ON A REGULAR SCRUTINY DISCOVERED DISCREPANCIES AND IRREGULARITIES IN BANKING OPERATIONS AND THE STING OPERATION CONDUCTED BY AN ONLINE ORGANISATION, APPEARED TO BE TRUE, LEVIED PENALTY ON THESE BANKS. THE PENALTY IS A VERY NEGLIGIBLE AMOUNT, BUT THE DISCOVERY OF ILLEGAL/IRREGULAR ACTIVITY BY THESE BANKS INVOLVING IN HUGE SUMS, WHICH WILL HAVE A BEARING ON THE ECONOMY.