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Mahalaxmi Cooperative Bank lost its banking licence

22nd busiestof 140 comparable periods· top 16%

36 RBI action records published between 1 June 2023 and 30 June 2023: 32 fresh actions, 4 extensions of existing orders and 28 monetary-penalty actions with an amount stated, totalling ₹10.43 crore. That is 36 records against 30 over the same 30 days of May 2023, and ₹10.43 crore of disclosed penalty value against ₹6.10 crore.

Period complete. 30 days covered.

Action records
36

30 in May 2023

Disclosed penalties
₹10.43 cr

₹6.1 cr in May 2023

Severe actions · S4–S5
13

11 · 36.7% previously

Orders in force
48

21 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 Jun1001
3 Jun0000
4 Jun0000
5 Jun4310
6 Jun2002
7 Jun0000
8 Jun0000
9 Jun2002
10 Jun0000
11 Jun0000
12 Jun4121
13 Jun0000
14 Jun3003
15 Jun0000
16 Jun1010
17 Jun0000
18 Jun0000
19 Jun3021
20 Jun0000
21 Jun0000
22 Jun0000
23 Jun3012
24 Jun0000
25 Jun0000
26 Jun12390
27 Jun1001
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

Co-operative banks supplied the largest share of the increase

Disclosed penalty value rose from ₹6.10 crore to ₹10.43 crore, a ₹4.33 crore increase. Co-operative banks accounted for 46.3% of that increase, followed by banks at 27.2% and credit bureaus at 23.3%.

02

The penalty distribution became less concentrated at the top

The five largest penalties made up 71.0% of ₹10.43 crore, down from 93.5% in May 2023. The median was ₹15.0 lakh, while the largest was ₹2.50 crore.

03

Severe actions held broadly steady as a share

There were 13 severe actions, or 36.1% of the total, compared with 11 and 36.7% in May 2023. June 2023 also recorded 1 cancellation and 0 supersessions, compared with 2 cancellations and 0 supersessions in May 2023.

04

The enforcement stock has a near-term expiry window

The stock stood at 48 orders in force across 48 entities. The next window runs from 1 July 2023 to 31 July 2023, with 21 orders due to expire.

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 penalty28 · 77.8%

    Previous 22 · 73.3%

  2. Business restriction7 · 19.4%

    Previous 6 · 20%

  3. Licence cancellation1 · 2.8%

    Previous 2 · 6.7%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action32 · 88.9%

    Previous 24 · 80%

  2. Extension4 · 11.1%

    Previous 6 · 20%

Entity types

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

  1. Co-operative bank26 · 72.2%

    Previous 20 · 66.7%

  2. Bank5 · 13.9%

    Previous 6 · 20%

  3. Credit bureau4 · 11.1%
  4. NBFC1 · 2.8%

    Previous 4 · 13.3%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure18 · 50%

    Previous 17 · 56.7%

  2. Customer protection14 · 38.9%

    Previous 5 · 16.7%

  3. Capital & exposure norms13 · 36.1%

    Previous 6 · 20%

  4. KYC / AML12 · 33.3%

    Previous 7 · 23.3%

  5. Lending norms8 · 22.2%

    Previous 7 · 23.3%

  6. Fair practices5 · 13.9%

    Previous 4 · 13.3%

Defining Actions

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

  1. RBI imposes monetary penalty on Jammu and Kashmir Bank Limited

    Largest disclosed penaltyS4 High
    23 Jun 2023₹2.50 croremonetary penalty

    Jammu and Kashmir Bank Limited

    Jammu and Kashmir Bank Limited received the largest disclosed penalty for non-compliance with RBI directions on CRILC reporting, loans and advances restrictions, and SWIFT operational controls. RBI found deficiencies in data integrity, due diligence on term loans, and ensuring underlying transactions were reflected in CBS before SWIFT messages were created.

    Read case briefRBI source

  2. RBI cancels the licence granted to Mahalaxmi Cooperative Bank Ltd., Dharwad, Karnataka and allows it to function as non-banking institution

    Widest orderS5 Severe
    27 Jun 2023licence cancellation

    Mahalaxmi Cooperative Bank Ltd., Dharwad, Karnataka

    RBI cancelled Mahalaxmi Cooperative Bank Ltd., Dharwad, Karnataka's licence to carry on banking business and notified it as a non-banking institution. The bank must stop conducting banking business, including acceptance of deposits from non-members, with immediate effect.

    Read case briefRBI source

What It Cost

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

Median
₹15 L

Previous ₹2 L

Largest
₹2.5 cr

Previous ₹2.92 cr

Top five
₹7.4 cr

Previous ₹5.7 cr

95th percentile
₹2.2 cr

Previous ₹1.74 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
Co-operative bank₹2.47 cr₹46.65 L46.3%
Bank₹6.75 cr₹5.57 cr27.2%
Credit bureau₹1.01 cr₹023.3%
NBFC₹20 L₹6 L3.2%

Entity Coverage

Declared
36
Names extracted
36
Canonical links
36
First seen
14

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

Orders Still in Force

Orders
48
Entities
48
Expiring next
21
Duplicate entity rows
0

Next expiry window: 1 Jul 2023–31 Jul 2023.