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RBI licence cancellations featured in a more severe action mix

15th busiestof 140 comparable periods· top 11%

40 RBI action records published between 1 September 2023 and 30 September 2023: 29 fresh actions, 11 extensions of existing orders and 21 monetary-penalty actions with an amount stated, totalling ₹5.30 crore. That is 40 records against 39 over the same 30 days of August 2023, and ₹5.30 crore of disclosed penalty value against ₹70.3 lakh.

Period complete. 30 days covered.

Action records
40

39 in August 2023

Disclosed penalties
₹5.3 cr

₹70.3 L in August 2023

Severe actions · S4–S5
22

14 · 35.9% previously

Orders in force
44

19 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 Sept1001
2 Sept0000
3 Sept0000
4 Sept0000
5 Sept0000
6 Sept3003
7 Sept1001
8 Sept5005
9 Sept0000
10 Sept0000
11 Sept0000
12 Sept1001
13 Sept0000
14 Sept4220
15 Sept2110
16 Sept0000
17 Sept0000
18 Sept4130
19 Sept0000
20 Sept0000
21 Sept5221
22 Sept3003
23 Sept0000
24 Sept0000
25 Sept6015
26 Sept1001
27 Sept0000
28 Sept3030
29 Sept1001
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

Severe actions took a larger share of the month’s records

Severe actions accounted for 55.0% of records in September 2023, up from 35.9% in August 2023. There were 22 severe actions, against 14 previously, and 7 cancellations compared with 0 in August 2023.

02

Co-operative banks made up less of the action mix

Co-operative banks accounted for 82.5% of actions in September 2023, down from 94.9% in August 2023. Their count fell to 33 from 37.

03

Banks accounted for most of the increase in disclosed penalty value

Banks accounted for ₹3.92 crore in September 2023, against ₹5.0 lakh in August 2023, representing 84.2% of the increase. Co-operative banks accounted for ₹1.08 crore, compared with ₹34.8 lakh.

04

The five largest penalties made up most disclosed penalty value

The five largest penalties accounted for 83.0% of the ₹5.30 crore disclosed across 21 actions. The largest was ₹1.62 crore, or 30.6% of the total, while the median penalty was ₹5.0 lakh.

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 penalty21 · 52.5%

    Previous 25 · 64.1%

  2. Business restriction12 · 30%

    Previous 14 · 35.9%

  3. Licence cancellation7 · 17.5%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action29 · 72.5%

    Previous 27 · 69.2%

  2. Extension11 · 27.5%

    Previous 12 · 30.8%

Entity types

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

  1. Co-operative bank33 · 82.5%

    Previous 37 · 94.9%

  2. NBFC4 · 10%
  3. Bank3 · 7.5%

    Previous 1 · 2.6%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Capital & exposure norms16 · 40%

    Previous 8 · 20.5%

  2. Customer protection13 · 32.5%

    Previous 8 · 20.5%

  3. Reporting & disclosure13 · 32.5%

    Previous 16 · 41%

  4. Other11 · 27.5%

    Previous 10 · 25.6%

  5. Lending norms10 · 25%

    Previous 7 · 17.9%

  6. Governance & oversight8 · 20%

    Previous 8 · 20.5%

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 Indian Bank

    Largest disclosed penaltyS4 High
    25 Sept 2023₹1.62 croremonetary penalty

    Indian Bank

    RBI imposed a monetary penalty on Indian Bank for non-compliance with RBI directions on loans and advances, KYC, and interest rate on deposits. It was the largest disclosed penalty, at ₹1.62 crore.

    Read case briefRBI source

  3. RBI cancels the licence of Lucknow Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh

    Highest severity, single entityS5 Severe
    29 Sept 2023licence cancellation

    Lucknow Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh

    RBI cancelled the licence of Lucknow Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh, citing inadequate capital and earning prospects, licensing failures, and concerns for depositors and public interest. It was a highest-severity, single-entity action.

    Read case briefRBI source

What It Cost

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

Median
₹5 L

Previous ₹1.5 L

Largest
₹1.62 cr

Previous ₹30.5 L

Top five
₹4.4 cr

Previous ₹45.5 L

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₹3.92 cr₹5 L84.2%
Co-operative bank₹1.08 cr₹34.8 L15.8%
Payment entity₹0₹30.5 L-6.6%
NBFC₹30.35 L₹06.6%

Entity Coverage

Declared
40
Names extracted
40
Canonical links
40
First seen
5

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

Orders Still in Force

Orders
44
Entities
44
Expiring next
19
Duplicate entity rows
0

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