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Licence cancellations barred 23 finance companies from business

63rd busiestof 140 comparable periods· top 45%

21 RBI action records published between 1 April 2022 and 30 April 2022: 17 fresh actions, 4 extensions of existing orders and 14 monetary-penalty actions with an amount stated, totalling ₹3.95 crore. That is 21 records against 28 over the same 30 days of March 2022, and ₹3.95 crore of disclosed penalty value against ₹1.11 crore.

Period complete. 30 days covered.

Action records
21

28 in March 2022

Disclosed penalties
₹3.95 cr

₹1.11 cr in March 2022

Severe actions · S4–S5
10

8 · 28.6% previously

Orders in force
24

10 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 Apr0000
2 Apr0000
3 Apr0000
4 Apr3300
5 Apr0000
6 Apr0000
7 Apr1001
8 Apr3003
9 Apr0000
10 Apr0000
11 Apr6402
12 Apr2002
13 Apr0000
14 Apr0000
15 Apr0000
16 Apr0000
17 Apr0000
18 Apr1010
19 Apr0000
20 Apr0000
21 Apr0000
22 Apr1010
23 Apr0000
24 Apr0000
25 Apr3021
26 Apr0000
27 Apr0000
28 Apr0000
29 Apr0000
30 Apr1001

What Stood Out

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

01

Banks accounted for most disclosed penalty value

Disclosed penalty value rose to ₹3.95 crore from ₹1.11 crore in March 2022. Banks accounted for ₹3.31 crore, while co-operative banks recorded ₹46.0 lakh and NBFCs ₹17.6 lakh.

02

Severe actions made up a larger share of the month’s records

April had 10 severe actions, or 47.6% of the total, compared with 8 actions and 28.6% in March 2022. The average severity score was 2.9.

03

Co-operative banks formed a smaller share of action records

Co-operative banks accounted for 14 actions, or 66.7%, compared with 25 actions and 89.3% in March 2022.

04

Five penalties accounted for most disclosed penalty value

The 14 penalties totalled ₹3.95 crore. The five largest accounted for 90.2% of that value, while the median penalty was ₹7.0 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 penalty14 · 66.7%

    Previous 20 · 71.4%

  2. Business restriction5 · 23.8%

    Previous 6 · 21.4%

  3. Licence cancellation2 · 9.5%

    Previous 2 · 7.1%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action17 · 81%

    Previous 24 · 85.7%

  2. Extension4 · 19%

    Previous 4 · 14.3%

Entity types

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

  1. Co-operative bank14 · 66.7%

    Previous 25 · 89.3%

  2. Bank4 · 19%
  3. NBFC3 · 14.3%

    Previous 1 · 3.6%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure12 · 57.1%

    Previous 14 · 50%

  2. Capital & exposure norms6 · 28.6%

    Previous 12 · 42.9%

  3. Customer protection5 · 23.8%

    Previous 4 · 14.3%

  4. Lending norms5 · 23.8%

    Previous 7 · 25%

  5. Governance & oversight4 · 19%

    Previous 8 · 28.6%

  6. KYC / AML4 · 19%

    Previous 1 · 3.6%

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 Bank of Maharashtra

    Largest disclosed penaltyS4 High
    25 Apr 2022₹1.12 croremonetary penalty

    Bank of Maharashtra

    Bank of Maharashtra received the largest disclosed penalty of the period. The action concerned non-compliance with RBI directions on KYC, CRILC reporting / large common exposures, and outsourcing of financial services, along with deficiencies in regulatory compliance during inspection and scrutiny.

    Read case briefRBI source

What It Cost

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

Median
₹7 L

Previous ₹2 L

Largest
₹1.12 cr

Previous ₹48 L

Top five
₹3.56 cr

Previous ₹84.83 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
Bank₹3.31 cr₹0116.7%
Co-operative bank₹46 L₹93.75 L-16.8%
NBFC₹17.64 L₹2.5 L5.3%
Payment entity₹0₹14.83 L-5.2%

Entity Coverage

Declared
43
Names extracted
43
Canonical links
43
First seen
5

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
10
Duplicate entity rows
1

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