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RBI cancelled licences for a bank and four NBFCs

42nd busiestof 140 comparable periods· top 30%

28 RBI action records published between 1 July 2023 and 31 July 2023: 9 fresh actions, 19 extensions of existing orders and 2 monetary-penalty actions with an amount stated, totalling ₹1.0 lakh. That is 28 records against 36 over the same 31 days of June 2023, and ₹1.0 lakh of disclosed penalty value against ₹10.43 crore.

Period complete. 31 days covered.

Action records
28

36 in June 2023

Disclosed penalties
₹1.05 L

₹10.43 cr in June 2023

Severe actions · S4–S5
26

13 · 36.1% previously

Orders in force
47

11 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 Jul0000
2 Jul0000
3 Jul2200
4 Jul0000
5 Jul2002
6 Jul0000
7 Jul4004
8 Jul0000
9 Jul0000
10 Jul0000
11 Jul2002
12 Jul0000
13 Jul1001
14 Jul1001
15 Jul0000
16 Jul0000
17 Jul0000
18 Jul3003
19 Jul1001
20 Jul1001
21 Jul2002
22 Jul0000
23 Jul0000
24 Jul1001
25 Jul0000
26 Jul1001
27 Jul1001
28 Jul5005
29 Jul0000
30 Jul0000
31 Jul1001

What Stood Out

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

01

The fall in disclosed penalty value was led by banks

Banks accounted for 64.8% of the ₹10.42 crore decrease in disclosed penalty value. Co-operative banks accounted for 23.6%, credit bureaus for 9.7% and NBFCs for 1.9% of the decrease.

02

Severe orders made up a much larger share of actions

Severe orders accounted for 26 actions, or 92.9%, in July 2023, compared with 13 actions, or 36.1%, in June 2023. There were 6 cancellation actions, compared with 1 in June 2023.

03

Co-operative banks made up more of the action mix

Co-operative banks accounted for 26 actions, or 92.9% of the total, up from a 72.2% share in June 2023. Their count was unchanged from June 2023, at 26.

04

Existing orders left a sizeable enforcement stock

There were 47 orders in force covering 47 entities, with 11 expiring between 1 August 2023 and 31 August 2023. The longest-running order had been in force for 16 months, followed by orders running for 13 months and 12 months.

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. Business restriction20 · 71.4%

    Previous 7 · 19.4%

  2. Licence cancellation6 · 21.4%

    Previous 1 · 2.8%

  3. Monetary penalty2 · 7.1%

    Previous 28 · 77.8%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Extension19 · 67.9%

    Previous 4 · 11.1%

  2. Fresh action9 · 32.1%

    Previous 32 · 88.9%

Entity types

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

  1. Co-operative bank26 · 92.9%

    Previous 26 · 72.2%

  2. Bank1 · 3.6%

    Previous 5 · 13.9%

  3. NBFC1 · 3.6%

    Previous 1 · 2.8%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Other13 · 46.4%

    Previous 2 · 5.6%

  2. Capital & exposure norms7 · 25%

    Previous 13 · 36.1%

  3. Customer protection6 · 21.4%

    Previous 14 · 38.9%

  4. Licensing breach6 · 21.4%

    Previous 2 · 5.6%

  5. Governance & oversight5 · 17.9%

    Previous 5 · 13.9%

  6. Lending norms2 · 7.1%

    Previous 8 · 22.2%

Defining Actions

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

  1. Reserve Bank of India cancels the licence of United India Co-operative Bank Limited, Nagina, Bijnor, Uttar Pradesh

    Highest severity, single entityS5 Severe
    19 Jul 2023licence cancellation

    United India Co-operative Bank Limited

    This was the highest-severity single-entity action. RBI cancelled the licence of United India Co-operative Bank Limited because it lacked adequate capital and earning prospects and did not comply with statutory licensing requirements. RBI also found its continuance prejudicial to depositors and public interest.

What It Cost

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

Median
₹52,500

Previous ₹15 L

Largest
₹1 L

Previous ₹2.5 cr

Top five
₹1.05 L

Previous ₹7.4 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
Bank₹0₹6.75 cr64.8%
Co-operative bank₹1.05 L₹2.47 cr23.6%
Credit bureau₹0₹1.01 cr9.7%
NBFC₹0₹20 L1.9%

Entity Coverage

Declared
31
Names extracted
31
Canonical links
31
First seen
1

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

Orders Still in Force

Orders
47
Entities
47
Expiring next
11
Duplicate entity rows
0

Next expiry window: 1 Aug 202331 Aug 2023.