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RBI cancelled licences of two co-operative banks in March

42nd busiestof 140 comparable periods· top 30%

28 RBI action records published between 1 March 2022 and 31 March 2022: 24 fresh actions, 4 extensions of existing orders and 20 monetary-penalty actions with an amount stated, totalling ₹1.11 crore. That is 28 records against 21 over the same 31 days of February 2022, and ₹1.11 crore of disclosed penalty value against ₹27.1 lakh.

Period complete. 31 days covered.

Action records
28

21 in February 2022

Disclosed penalties
₹1.11 cr

₹27.1 L in February 2022

Severe actions · S4–S5
8

9 · 42.9% previously

Orders in force
24

5 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 Mar0000
2 Mar1001
3 Mar0000
4 Mar0000
5 Mar0000
6 Mar0000
7 Mar9450
8 Mar0000
9 Mar2002
10 Mar1001
11 Mar3012
12 Mar0000
13 Mar0000
14 Mar8620
15 Mar0000
16 Mar0000
17 Mar1001
18 Mar0000
19 Mar0000
20 Mar0000
21 Mar3201
22 Mar0000
23 Mar0000
24 Mar0000
25 Mar0000
26 Mar0000
27 Mar0000
28 Mar0000
29 Mar0000
30 Mar0000
31 Mar0000

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 rise in disclosed penalty value

Disclosed penalty value rose to ₹1.11 crore from ₹27.1 lakh in February 2022, an increase of ₹84.0 lakh. Co-operative banks accounted for ₹93.8 lakh in March 2022, compared with ₹17.1 lakh in February 2022, and 91.3% of the increase.

02

Severe actions made up a smaller share than in February

March 2022 recorded 8 severe actions, or 28.6% of the total, compared with 9 actions and 42.9% in February 2022. The period included 2 cancellations, against 3 in February 2022.

03

The largest penalty accounted for nearly half of disclosed value

The largest of the 20 stated penalties was ₹48.0 lakh, equal to 43.2% of the ₹1.11 crore total. The top five penalties made up 76.4%, while the median penalty was ₹2.0 lakh.

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 penalty20 · 71.4%

    Previous 12 · 57.1%

  2. Business restriction6 · 21.4%

    Previous 6 · 28.6%

  3. Licence cancellation2 · 7.1%

    Previous 3 · 14.3%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action24 · 85.7%

    Previous 15 · 71.4%

  2. Extension4 · 14.3%

    Previous 6 · 28.6%

Entity types

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

  1. Co-operative bank25 · 89.3%

    Previous 19 · 90.5%

  2. Payment entity2 · 7.1%
  3. NBFC1 · 3.6%

    Previous 2 · 9.5%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure14 · 50%

    Previous 7 · 33.3%

  2. Capital & exposure norms12 · 42.9%

    Previous 8 · 38.1%

  3. Governance & oversight8 · 28.6%

    Previous 6 · 28.6%

  4. Lending norms7 · 25%

    Previous 1 · 4.8%

  5. Other7 · 25%

    Previous 4 · 19%

  6. Customer protection4 · 14.3%

    Previous 6 · 28.6%

Defining Actions

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

  2. Reserve Bank of India cancels the licence of Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra

    Widest orderS5 Severe
    2 Mar 2022licence cancellation

    Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra

    RBI cancelled the licence of Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra. The bank lacked adequate capital and earning prospects and did not comply with licensing requirements under the Banking Regulation Act, and its continuance was found prejudicial to depositors and public interest.

    Read case briefRBI source

  3. Reserve Bank of India cancels the license of People’s Co-operative Bank Limited, Kanpur, Uttar Pradesh

    Highest severity, single entityS5 Severe
    21 Mar 2022licence cancellation

    People’s Co-operative Bank Limited, Kanpur, Uttar Pradesh

    RBI cancelled the licence of People’s Co-operative Bank Limited, Kanpur, Uttar Pradesh. The bank lacked adequate capital and earning prospects and did not comply with key licensing requirements under the Banking Regulation Act, and its continuance was found prejudicial to depositors and public interest.

    Read case briefRBI source

What It Cost

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

Median
₹2 L

Previous ₹1.5 L

Largest
₹48 L

Previous ₹10 L

Top five
₹84.83 L

Previous ₹21.5 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₹93.75 L₹17.1 L91.3%
Payment entity₹14.83 L₹017.7%
NBFC₹2.5 L₹10 L-8.9%

Entity Coverage

Declared
28
Names extracted
28
Canonical links
28
First seen
18

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

Orders Still in Force

Orders
24
Entities
23
Expiring next
5
Duplicate entity rows
1

Next expiry window: 1 Apr 2022–30 Apr 2022.