The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 60 lakh on Royal Bank of Scotland (RBS) Asia, formerly known as ABN Amro Asia, in the matter relating to market crash of May 17, 2004. According to the regulator ABN Amro Asia was among the top 10 foreign institutional investors (FIIs), which had traded on the said day through its sub-accounts namely ABN Amro Asia (Mauritius) Ltd.