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RBI revoked a payment system operator's authorisation

12th busiestof 47 comparable periods· top 26%

98 RBI action records published between 1 October 2022 and 31 December 2022: 81 fresh actions, 17 extensions of existing orders and 73 monetary-penalty actions with an amount stated, totalling ₹10.69 crore. That is 98 records against 110 over the same 92 days of Q3 2022, and ₹10.69 crore of disclosed penalty value against ₹20.31 crore.

Period complete. 92 days covered.

Action records
98

110 in Q3 2022

Disclosed penalties
₹10.69 cr

₹20.31 cr in Q3 2022

Severe actions · S4–S5
28

51 · 46.4% previously

Orders in force
42

35 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
26 Sept0000
3 Oct5131
10 Oct4013
17 Oct7313
24 Oct1001
31 Oct9252
7 Nov6105
14 Nov10721
21 Nov3012
28 Nov10253
5 Dec6015
12 Dec141031
19 Dec211281
26 Dec2020

What Stood Out

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

01

Severe actions made up a smaller share of the quarter's records

The severe-action share was 28.6% in Q4 2022, down from 46.4% in Q3 2022, while severe actions fell from 51 to 28. Cancellations fell from 9 to 7, and there were no supersessions in either period.

02

Banks accounted for most of the decline in disclosed penalty value

The ₹9.61 crore decline in disclosed penalty value was split across entity types. Banks accounted for 75.3% of the decline, with ₹3.08 crore across 2 actions in Q4 2022 against ₹10.32 crore across 8 in Q3 2022.

03

The records covered more declared entities than action records

The 98 records declared 103 entities, rather than representing 103 separate records. The three listed largest orders declared 4, 2 and 2 entities, while the largest order declared 8.

04

Reporting and disclosure was the most common coded theme

Reporting and disclosure appeared in 59 records, or 60.2% of 98. Capital and exposure norms appeared in 31 records, or 31.6%; the themes overlap.

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 penalty73 · 74.5%

    Previous 67 · 60.9%

  2. Business restriction18 · 18.4%

    Previous 32 · 29.1%

  3. Licence cancellation7 · 7.1%

    Previous 9 · 8.2%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action81 · 82.7%

    Previous 94 · 85.5%

  2. Extension17 · 17.3%

    Previous 15 · 13.6%

Entity types

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

  1. Co-operative bank89 · 90.8%

    Previous 89 · 80.9%

  2. NBFC4 · 4.1%

    Previous 10 · 9.1%

  3. Bank2 · 2%

    Previous 8 · 7.3%

  4. Payment entity2 · 2%

    Previous 3 · 2.7%

  5. Other1 · 1%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure59 · 60.2%

    Previous 57 · 51.8%

  2. Capital & exposure norms31 · 31.6%

    Previous 38 · 34.5%

  3. Lending norms23 · 23.5%

    Previous 28 · 25.5%

  4. Governance & oversight21 · 21.4%

    Previous 21 · 19.1%

  5. KYC / AML15 · 15.3%

    Previous 24 · 21.8%

  6. Licensing breach11 · 11.2%

    Previous 14 · 12.7%

Defining Actions

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

  1. RBI cancels the licence of Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra

    Highest severity, single entityS5 Severe
    11 Nov 2022licence cancellation

    Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra

    RBI cancelled the licence of Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra. The bank lacked adequate capital and earning prospects and failed to satisfy licensing requirements under the Banking Regulation Act. RBI said its continuance was prejudicial to depositors and public interest.

What It Cost

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

Median
₹2 L

Previous ₹5 L

Largest
₹2.66 cr

Previous ₹5.72 cr

Top five
₹6.67 cr

Previous ₹11.78 cr

95th percentile
₹50 L

Previous ₹1.05 cr

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₹3.08 cr₹10.32 cr75.3%
NBFC₹5 L₹3.29 cr33.7%
Other₹1.76 cr₹0-18.3%
Payment entity₹13.9 L₹1.74 cr16.6%
Co-operative bank₹5.66 cr₹4.96 cr-7.3%

Entity Coverage

Declared
103
Names extracted
103
Canonical links
103
First seen
59

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

Orders Still in Force

Orders
42
Entities
40
Expiring next
35
Duplicate entity rows
2

Next expiry window: 1 Jan 202331 Mar 2023.