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RBI cancelled The Laxmi Co-operative Bank's licence

35th busiestof 140 comparable periods· top 25%

32 RBI action records published between 1 September 2022 and 30 September 2022: 27 fresh actions, 5 extensions of existing orders and 23 monetary-penalty actions with an amount stated, totalling ₹2.47 crore. That is 32 records against 34 over the same 30 days of August 2022, and ₹2.47 crore of disclosed penalty value against ₹5.56 crore.

Period complete. 30 days covered.

Action records
32

34 in August 2022

Disclosed penalties
₹2.47 cr

₹5.56 cr in August 2022

Severe actions · S4–S5
9

14 · 41.2% previously

Orders in force
45

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 Sept0000
2 Sept0000
3 Sept0000
4 Sept0000
5 Sept5230
6 Sept2002
7 Sept0000
8 Sept2002
9 Sept4022
10 Sept1001
11 Sept0000
12 Sept1010
13 Sept0000
14 Sept0000
15 Sept0000
16 Sept0000
17 Sept0000
18 Sept0000
19 Sept3300
20 Sept0000
21 Sept0000
22 Sept2011
23 Sept1001
24 Sept0000
25 Sept0000
26 Sept11740
27 Sept0000
28 Sept0000
29 Sept0000
30 Sept0000

What Stood Out

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

01

NBFC penalties drove almost all of the decline

Disclosed penalty value fell to ₹2.47 crore from ₹5.56 crore in August 2022, a decrease of ₹3.09 crore. NBFC penalties were ₹12.4 lakh against ₹3.16 crore, accounting for 98.2% of the decline.

02

Severe actions made up a smaller share than in August

Nine actions were severe, or 28.1%. In August 2022, 14 actions were severe, or 41.2%; September recorded 3 cancellations and no supersessions.

03

The five largest penalties made up most disclosed value

The 23 penalties totalled ₹2.47 crore. The largest was ₹59.1 lakh, and the five largest accounted for 79.1% of the total; the median penalty was ₹2.0 lakh.

04

Seven orders were due to expire in October

At the end of September, 45 orders remained in force across 42 entities. Seven were due to expire between 1 October 2022 and 31 October 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 penalty23 · 71.9%

    Previous 22 · 64.7%

  2. Business restriction5 · 15.6%

    Previous 7 · 20.6%

  3. Licence cancellation3 · 9.4%

    Previous 4 · 11.8%

  4. Directive / prohibition1 · 3.1%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action27 · 84.4%

    Previous 26 · 76.5%

  2. Extension5 · 15.6%

    Previous 7 · 20.6%

Entity types

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

  1. Co-operative bank26 · 81.3%

    Previous 27 · 79.4%

  2. NBFC4 · 12.5%

    Previous 4 · 11.8%

  3. Bank2 · 6.3%

    Previous 1 · 2.9%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure18 · 56.3%

    Previous 19 · 55.9%

  2. Governance & oversight10 · 31.3%

    Previous 7 · 20.6%

  3. Lending norms9 · 28.1%

    Previous 6 · 17.6%

  4. Customer protection8 · 25%

    Previous 5 · 14.7%

  5. Capital & exposure norms7 · 21.9%

    Previous 11 · 32.4%

  6. KYC / AML5 · 15.6%

    Previous 7 · 20.6%

Defining Actions

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

What It Cost

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

Median
₹2 L

Previous ₹8.5 L

Largest
₹59.1 L

Previous ₹2.33 cr

Top five
₹1.95 cr

Previous ₹4.42 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
NBFC₹12.35 L₹3.16 cr98.2%
Bank₹95.1 L₹32 L-20.4%
Co-operative bank₹1.39 cr₹2.02 cr20.3%
Payment entity₹0₹5.93 L1.9%

Entity Coverage

Declared
32
Names extracted
30
Canonical links
30
First seen
17

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
45
Entities
42
Expiring next
7
Duplicate entity rows
3

Next expiry window: 1 Oct 202231 Oct 2022.