The former vice-captain took to social media to post a heartfelt apology for the fans after playing the 'leading' role in the ball-tampering saga.
Smith and Warner were banned from playing for Australia, or any high-level cricket in Australia, for a year. Bancroft received a nine-month ban.
While Tendulkar feels that the ban is the right decision, his longtime on-field competitor Shane Warne felt that the quantum of punishment didn't match the crime.
The past and present players have mixed reactions to the scandal where plenty condemn their actions, a few feel that the 'punishment might not fit the crime'.
Smith admitted his guilt but the manner in which Cricket Australia's elaborate release on the charges levelled against him tried to portray him as the first among the equals of a rare breed of criminals.
Speaking to the media, Sutherland said the investigation carried out by head of integrity Ian Roy has found that Lehmann in no way was familiar with the plan.
The Test great has condemned the trio for engaging themselves in 'premeditating cheating' but also believes that the hysteria surrounding the scandal has resulted in excessive penalties.
In a startling revelation, David Warner was identified as the instigator of the ball tampering plan and won't ever be allowed to captain Australia.
Steve Smith and David Warner were on Wednesday banned from playing for Australia for a period of one year. Meanwhile, Cameron Bancroft has received a nine-month ban.
Hussey, who is currently the batting coach of CSK, said a player is always remembered more for how he played the game than the runs or wickets he gathered.
Cricket Australia hasn't finalized sanctions for the three players, but lengthy bans are expected.
Ball-tampering row: Cricket Australia CEO James Sutherland said Steve Smith, David Warner and Cameron Bancroft had prior knowledge about the cheating plan and promised severe sanctions against them.
The 31-year old batsman has outraged his devastated teammates by swilling champagne in the bar of the team hotel in Cape Town with non-cricket friends.
Ball-tampering row: Steve Waugh said the ball-tampering incident has failed a strong culture followed over the years by the Australian cricket team.
Ball-tampering: Steve Smith is expected to permanently lose his job as the Australia cricket team captain and could even face a ban of up to one year.
Ball-tampering row: Tough questions have also been asked by the Australian media over the involvement of coach Darren Lehmann, and if he knew about the plan.
There is a high degree of possibility that the tainted skipper along with his deputy David Warner might face harsh sanctions from Cricket Australia once the investigation gets over on Wednesday.
Facing severe backlash for his role in ball-tampering, Smith has been relinquished from Rajasthan Royals' captaincy and the script could pan out similarly for Warner as well.
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