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RBI cancelled licences covering a bank, four NBFCs and a payment operator

54th busiestof 140 comparable periods· top 39%

25 RBI action records published between 1 October 2022 and 31 October 2022: 20 fresh actions, 5 extensions of existing orders and 17 monetary-penalty actions with an amount stated, totalling ₹3.52 crore. That is 25 records against 32 over the same 31 days of September 2022, and ₹3.52 crore of disclosed penalty value against ₹2.47 crore.

Period complete. 31 days covered.

Action records
25

32 in September 2022

Disclosed penalties
₹3.52 cr

₹2.47 cr in September 2022

Severe actions · S4–S5
9

9 · 28.1% previously

Orders in force
46

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 Oct0000
2 Oct0000
3 Oct4130
4 Oct0000
5 Oct0000
6 Oct0000
7 Oct0000
8 Oct1001
9 Oct0000
10 Oct2011
11 Oct0000
12 Oct1001
13 Oct0000
14 Oct1001
15 Oct0000
16 Oct0000
17 Oct4310
18 Oct0000
19 Oct0000
20 Oct1001
21 Oct2002
22 Oct0000
23 Oct0000
24 Oct0000
25 Oct1001
26 Oct0000
27 Oct0000
28 Oct0000
29 Oct0000
30 Oct0000
31 Oct8251

What Stood Out

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

01

Other entities were the largest positive contributor to penalty value

Disclosed penalty value rose by ₹1.05 crore, from ₹2.47 crore in September 2022 to ₹3.52 crore in October 2022. Other entities recorded ₹1.76 crore, up from ₹0, and co-operative banks recorded ₹1.71 crore, up from ₹1.39 crore. Bank value fell from ₹95.1 lakh to ₹0, while NBFC value fell from ₹12.4 lakh to ₹5.0 lakh.

02

Severe actions took a larger share despite an unchanged count

Severe actions made up 36.0% of October 2022 activity, compared with 28.1% in September 2022. The severe-action count was 9 in both months, while cancellation counts were 3 in both and supersessions were 0 in both.

03

One penalty accounted for half of disclosed penalty value

The largest disclosed penalty was ₹1.76 crore, equal to 50.0% of the ₹3.52 crore total. The top five penalties accounted for 85.9%, while the median penalty was ₹5.0 lakh.

04

The action set covered more entities than records

The 25 action records declared 28 entities. The largest order declared 4 entities, an order dated 12 October 2022 titled “RBI cancels Certificate of Registration of four NBFCs”.

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 penalty17 · 68%

    Previous 23 · 71.9%

  2. Business restriction5 · 20%

    Previous 5 · 15.6%

  3. Licence cancellation3 · 12%

    Previous 3 · 9.4%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action20 · 80%

    Previous 27 · 84.4%

  2. Extension5 · 20%

    Previous 5 · 15.6%

Entity types

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

  1. Co-operative bank21 · 84%

    Previous 26 · 81.3%

  2. NBFC2 · 8%

    Previous 4 · 12.5%

  3. Other1 · 4%
  4. Payment entity1 · 4%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure11 · 44%

    Previous 18 · 56.3%

  2. Lending norms8 · 32%

    Previous 9 · 28.1%

  3. Governance & oversight7 · 28%

    Previous 10 · 31.3%

  4. Customer protection5 · 20%

    Previous 8 · 25%

  5. Capital & exposure norms4 · 16%

    Previous 7 · 21.9%

  6. Licensing breach4 · 16%

    Previous 3 · 9.4%

Defining Actions

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

What It Cost

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

Median
₹5 L

Previous ₹2 L

Largest
₹1.76 cr

Previous ₹59.1 L

Top five
₹3.02 cr

Previous ₹1.95 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
Other₹1.76 cr₹0167.3%
Bank₹0₹95.1 L-90.4%
Co-operative bank₹1.71 cr₹1.39 cr30.1%
NBFC₹5 L₹12.35 L-7%

Entity Coverage

Declared
28
Names extracted
28
Canonical links
28
First seen
11

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

Orders Still in Force

Orders
46
Entities
43
Expiring next
10
Duplicate entity rows
3

Next expiry window: 1 Nov 202230 Nov 2022.