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RBI cancelled a co-operative bank’s licence and an NBFC’s registration

63rd busiestof 140 comparable periods· top 45%

21 RBI action records published between 1 February 2022 and 28 February 2022: 15 fresh actions, 6 extensions of existing orders and 12 monetary-penalty actions with an amount stated, totalling ₹27.1 lakh. That is 21 records against 20 over the same 28 days of January 2022, and ₹27.1 lakh of disclosed penalty value against ₹36.0 lakh.

Period complete. 28 days covered.

Action records
21

20 in January 2022

Disclosed penalties
₹27.1 L

₹36 L in January 2022

Severe actions · S4–S5
9

6 · 30% previously

Orders in force
28

7 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 Feb0000
2 Feb0000
3 Feb1001
4 Feb0000
5 Feb0000
6 Feb0000
7 Feb0000
8 Feb2011
9 Feb0000
10 Feb0000
11 Feb0000
12 Feb0000
13 Feb0000
14 Feb5410
15 Feb0000
16 Feb1001
17 Feb0000
18 Feb0000
19 Feb0000
20 Feb1001
21 Feb3300
22 Feb0000
23 Feb1001
24 Feb2002
25 Feb0000
26 Feb0000
27 Feb0000
28 Feb5212

What Stood Out

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

01

Co-operative banks drove the decline in disclosed penalty value

Co-operative bank penalties fell from ₹36.0 lakh in January 2022 to ₹17.1 lakh in February 2022, while NBFC penalties rose from ₹0 to ₹10.0 lakh. The net disclosed penalty value fell by ₹8.9 lakh, with the NBFC increase offsetting part of the co-operative-bank decline.

02

Severe actions made up a larger share than in January

Nine actions were severe, accounting for 42.9% of the February 2022 total, against six actions and 30.0% in January 2022. February 2022 included three licence cancellations, compared with one in January 2022.

03

The five largest penalties accounted for most disclosed value

The five largest of 12 penalty actions accounted for 79.3% of ₹27.1 lakh. The largest penalty was ₹10.0 lakh, or 36.9% of the total, while the median penalty was ₹1.5 lakh.

04

Seven orders were due to expire during March

At the end of February 2022, 28 orders affecting 26 entities were in force. Seven were due to expire between 1 March 2022 and 31 March 2022, while the longest-running order had run for 66 months until 30 November 2022.

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 penalty12 · 57.1%

    Previous 14 · 70%

  2. Business restriction6 · 28.6%

    Previous 5 · 25%

  3. Licence cancellation3 · 14.3%

    Previous 1 · 5%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action15 · 71.4%

    Previous 16 · 80%

  2. Extension6 · 28.6%

    Previous 4 · 20%

Entity types

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

  1. Co-operative bank19 · 90.5%

    Previous 19 · 95%

  2. NBFC2 · 9.5%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Capital & exposure norms8 · 38.1%

    Previous 7 · 35%

  2. Reporting & disclosure7 · 33.3%

    Previous 10 · 50%

  3. Customer protection6 · 28.6%

    Previous 3 · 15%

  4. Governance & oversight6 · 28.6%

    Previous 4 · 20%

  5. KYC / AML6 · 28.6%

    Previous 3 · 15%

  6. Licensing breach4 · 19%

    Previous 2 · 10%

Defining Actions

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

  3. Reserve Bank cancels Certificate of Registration of M/s P C Financial Services Private Limited, New Delhi

    Highest severity, single entityS5 Severe
    24 Feb 2022licence cancellation

    M/s P C Financial Services Private Limited

    M/s P C Financial Services Private Limited, New Delhi, had its Certificate of Registration cancelled for supervisory concerns. The company was engaged in mobile app-based lending and violated RBI outsourcing and KYC norms, charged usurious and opaque charges, and misused RBI/CBI logos for recovery.

    Read case briefRBI source

What It Cost

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

Median
₹1.5 L

Previous ₹2 L

Largest
₹10 L

Previous ₹12 L

Top five
₹21.5 L

Previous ₹24 L

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
Co-operative bank₹17.1 L₹36 L212.4%
NBFC₹10 L₹0-112.4%

Entity Coverage

Declared
21
Names extracted
21
Canonical links
21
First seen
12

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

Orders Still in Force

Orders
28
Entities
26
Expiring next
7
Duplicate entity rows
2

Next expiry window: 1 Mar 2022–31 Mar 2022.