SWIFT is a global messaging software used for transactions by financial entities. The massive Rs 14,000-crore fraud at the PNB was a case of misuse of this messsaging software. These banks include Bank of Baroda, City Union Bank, HSBC, ICICI Bank, SBI and YES Bank. The penalties range from Rs 1 crore to Rs 4 crore. It has imposed penalties worth Rs 71 crore on 36 public, private and foreign banks for non-compliance.