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A payment system operator lost its authorisation

68th busiestof 140 comparable periods· top 49%

20 RBI action records published between 1 January 2022 and 31 January 2022: 16 fresh actions, 4 extensions of existing orders and 14 monetary-penalty actions with an amount stated, totalling ₹36.0 lakh. That is 20 records against 20 over the same 31 days of December 2021, and ₹36.0 lakh of disclosed penalty value against ₹3.49 crore.

Period complete. 31 days covered.

Action records
20

20 in December 2021

Disclosed penalties
₹36 L

₹3.49 cr in December 2021

Severe actions · S4–S5
6

11 · 55% previously

Orders in force
28

8 expiring in the next window

When Action Arrived

Published action records across the covered window, split into RegOversight severity bands. Empty intervals remain visible.

RBI action records by publication interval and severity band
IntervalTotalS0–S1 · lifted / lowS2–S3 · moderate / highS4–S5 · major / severe
1 Jan0000
2 Jan0000
3 Jan0000
4 Jan1001
5 Jan0000
6 Jan0000
7 Jan0000
8 Jan1001
9 Jan0000
10 Jan2101
11 Jan1001
12 Jan0000
13 Jan0000
14 Jan0000
15 Jan0000
16 Jan0000
17 Jan2011
18 Jan0000
19 Jan0000
20 Jan0000
21 Jan0000
22 Jan0000
23 Jan0000
24 Jan8710
25 Jan0000
26 Jan0000
27 Jan0000
28 Jan1001
29 Jan0000
30 Jan0000
31 Jan4310

What Stood Out

Each finding is grounded in precomputed metrics. Open it to inspect the supporting numbers and the limits of the claim.

01

Disclosed penalty value fell, with co-operative banks supplying the current total

Disclosed penalty value was ₹36.0 lakh, down from ₹3.49 crore in December 2021, a ₹3.13 crore decline. Co-operative banks supplied ₹36.0 lakh of the current total; banks and payment entities each supplied ₹0.

02

The share of severe actions was lower than in the previous month

Six actions were severe, accounting for 30.0% of the period's actions. In December 2021, 11 actions were severe, accounting for 55.0%.

03

Co-operative banks made up a larger share of the action records

Co-operative banks accounted for 95.0% of records, up from 80.0% in December 2021. Their count was 19, compared with 16 in the previous month.

04

The period included a licence cancellation

RBI cancelled the Certificate of Authorisation of the mentioned Payment System Operator(s) under the Payment and Settlement Systems Act, 2007.

What RBI Did and Where It Landed

Amber bars show the current mix. The fine marker shows the comparable earlier period, so a change is visible rather than merely asserted.

Action mix

Primary recorded action category.

  1. Monetary penalty14 · 70%

    Previous 11 · 55%

  2. Business restriction5 · 25%

    Previous 9 · 45%

  3. Licence cancellation1 · 5%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action16 · 80%

    Previous 12 · 60%

  2. Extension4 · 20%

    Previous 8 · 40%

Entity types

Action records by regulated-entity class, not entities affected.

  1. Co-operative bank19 · 95%

    Previous 16 · 80%

  2. Payment entity1 · 5%

    Previous 1 · 5%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure10 · 50%

    Previous 6 · 30%

  2. Capital & exposure norms7 · 35%

    Previous 6 · 30%

  3. Lending norms6 · 30%

    Previous 3 · 15%

  4. Governance & oversight4 · 20%

    Previous 3 · 15%

  5. Other4 · 20%

    Previous 4 · 20%

  6. Customer protection3 · 15%

    Previous 5 · 25%

Defining Actions

Up to four non-duplicative actions selected for monetary impact, breadth, severity or relief. Quiet periods may show fewer.

  1. Reserve Bank of India imposes monetary penalty on Navbharat Co-operative Urban Bank Ltd., Hyderabad, Telengana

    Largest disclosed penaltyS3 Elevated
    31 Jan 2022₹12.0 lakhmonetary penalty

    Navbharat Co-operative Urban Bank Ltd., Hyderabad

    RBI imposed a ₹12.0 lakh monetary penalty on Navbharat Co-operative Urban Bank Ltd., Hyderabad, for violation/non-compliance with RBI directions under the Supervisory Action Framework, Basic Cybersecurity Framework, and IS Audit/Internal Audit Compliance requirements.

    Read case briefRBI source

  3. Directions under Section 35 A read with section 56 of the Banking Regulation Act (As Applicable to Co-operative Societies), 1949 – Indian Mercantile Cooperative Bank Ltd Lucknow

    Highest severity, single entityS4 High
    28 Jan 2022business restriction

    Indian Mercantile Cooperative Bank Ltd Lucknow

    RBI issued Section 35A directions restricting Indian Mercantile Cooperative Bank Ltd Lucknow from granting or renewing loans, making investments, incurring liabilities, accepting fresh deposits, disbursing payments, and disposing of assets without prior written approval. Depositor withdrawals were also capped.

    Read case briefRBI source

What It Cost

14 actions had a disclosed amount. Totals and distribution shape are kept separate from action volume.

Median
₹2 L

Previous ₹2 L

Largest
₹12 L

Previous ₹1.8 cr

Top five
₹24 L

Previous ₹3.42 cr

Percentiles
Suppressed

Too few priced actions for a stable tail estimate.

Change by entity type

Arithmetic attribution of the change in disclosed value. Contributions may exceed 100% or run in the opposite direction.

Entity typeCurrentPreviousContribution
Bank₹0₹2.4 cr76.7%
Payment entity₹0₹1 cr31.9%
Co-operative bank₹36 L₹9 L-8.6%

Entity Coverage

Declared
20
Names extracted
19
Canonical links
19
First seen
13

Entity counts are breadth indicators, not action counts. One bulk order can name hundreds of companies.

Some source records declare entities but contain no extracted names.

Orders Still in Force

Orders
28
Entities
27
Expiring next
8
Duplicate entity rows
1

Next expiry window: 1 Feb 2022–28 Feb 2022.