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RBI cancelled Millath Co-operative Bank’s licence

81st busiestof 140 comparable periods· top 58%

16 RBI action records published between 1 June 2022 and 30 June 2022: 11 fresh actions, 4 extensions of existing orders, 1 restriction lifted and 8 monetary-penalty actions with an amount stated, totalling ₹1.49 crore. That is 16 records against 23 over the same 30 days of May 2022, and ₹1.49 crore of disclosed penalty value against ₹2.53 crore.

Period complete. 30 days covered.

Action records
16

23 in May 2022

Disclosed penalties
₹1.49 cr

₹2.53 cr in May 2022

Severe actions · S4–S5
8

15 · 65.2% previously

Orders in force
26

6 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 Jun0000
2 Jun0000
3 Jun1010
4 Jun0000
5 Jun0000
6 Jun3111
7 Jun0000
8 Jun1001
9 Jun2002
10 Jun1001
11 Jun0000
12 Jun0000
13 Jun1100
14 Jun0000
15 Jun0000
16 Jun1100
17 Jun1001
18 Jun1001
19 Jun0000
20 Jun2200
21 Jun0000
22 Jun0000
23 Jun0000
24 Jun1001
25 Jun0000
26 Jun0000
27 Jun1010
28 Jun0000
29 Jun0000
30 Jun0000

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, led by co-operative banks

Disclosed penalties totalled ₹1.49 crore, down ₹1.04 crore from ₹2.53 crore in May 2022. Co-operative banks accounted for 43.5% of the decline, with ₹64.2 lakh in June against ₹1.10 crore previously.

02

Severe actions took a smaller share than in May

Eight severe actions made up 50.0%, compared with 15 severe actions and 65.2% in May 2022. June recorded 3 cancellations, against 1 previously, and no supersessions.

03

The number of action records also declined

June recorded 16 actions, including 11 fresh actions and 4 extensions. May 2022 had 23 actions and 13 fresh actions.

04

The records covered more declared entities than actions

The 16 action records declared 18 entities. The largest order declared 3 entities, on 9 June 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 penalty8 · 50%

    Previous 10 · 43.5%

  2. Business restriction4 · 25%

    Previous 12 · 52.2%

  3. Licence cancellation3 · 18.8%

    Previous 1 · 4.3%

  4. Action lifted1 · 6.3%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action11 · 68.8%

    Previous 13 · 56.5%

  2. Extension4 · 25%

    Previous 10 · 43.5%

  3. Lifted / withdrawn1 · 6.3%

Entity types

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

  1. Co-operative bank12 · 75%

    Previous 16 · 69.6%

  2. Bank2 · 12.5%

    Previous 3 · 13%

  3. NBFC1 · 6.3%

    Previous 3 · 13%

  4. Payment entity1 · 6.3%

    Previous 1 · 4.3%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure6 · 37.5%

    Previous 8 · 34.8%

  2. KYC / AML4 · 25%
  3. Lending norms4 · 25%

    Previous 2 · 8.7%

  4. Other4 · 25%

    Previous 10 · 43.5%

  5. Capital & exposure norms3 · 18.8%

    Previous 6 · 26.1%

  6. Licensing breach3 · 18.8%

Defining Actions

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

What It Cost

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

Median
₹6 L

Previous ₹17.4 L

Largest
₹57.5 L

Previous ₹59 L

Top five
₹1.46 cr

Previous ₹2.36 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
Co-operative bank₹64.25 L₹1.1 cr43.5%
Payment entity₹0₹29.79 L28.6%
Bank₹85 L₹1.04 cr18.3%
NBFC₹0₹10 L9.6%

Entity Coverage

Declared
18
Names extracted
18
Canonical links
18
First seen
6

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

Orders Still in Force

Orders
26
Entities
24
Expiring next
6
Duplicate entity rows
2

Next expiry window: 1 Jul 202231 Jul 2022.