Skip to Main Content

RBI cancels Nagar Urban Co-operative Bank’s licence

2nd busiestof 140 comparable periods· top 1%

59 RBI action records published between 1 October 2023 and 31 October 2023: 48 fresh actions, 11 extensions of existing orders and 44 monetary-penalty actions with an amount stated, totalling ₹26.90 crore. That is 59 records against 40 over the same 31 days of September 2023, and ₹26.90 crore of disclosed penalty value against ₹5.30 crore.

Period complete. 31 days covered.

Action records
59

40 in September 2023

Disclosed penalties
₹26.9 cr

₹5.3 cr in September 2023

Severe actions · S4–S5
20

22 · 55% previously

Orders in force
39

9 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 Oct1001
5 Oct0000
6 Oct5401
7 Oct0000
8 Oct0000
9 Oct5140
10 Oct1010
11 Oct0000
12 Oct7313
13 Oct3012
14 Oct0000
15 Oct0000
16 Oct6411
17 Oct3003
18 Oct0000
19 Oct5320
20 Oct2002
21 Oct0000
22 Oct1001
23 Oct2020
24 Oct0000
25 Oct3300
26 Oct0000
27 Oct6006
28 Oct0000
29 Oct0000
30 Oct5410
31 Oct0000

What Stood Out

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

01

Banks account for most of the increase in penalty value

Banks accounted for 64.2% of the ₹21.60 crore increase, with ₹17.78 crore across 4 actions. Payment entities contributed ₹5.39 crore across 1 action, or 25.0% of the increase.

02

A small number of penalties drove most disclosed value

The largest penalty was ₹12.19 crore, representing 45.3% of the ₹26.90 crore total. The top five penalties accounted for 93.1%, while the median penalty was ₹2.0 lakh.

03

Severe actions formed a smaller share than in September

There were 20 severe actions, or 33.9% of the total, compared with 22 severe actions and 55.0% in September 2023. October also recorded 2 cancellations, against 7 in September 2023.

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 penalty44 · 74.6%

    Previous 21 · 52.5%

  2. Business restriction13 · 22%

    Previous 12 · 30%

  3. Licence cancellation2 · 3.4%

    Previous 7 · 17.5%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action48 · 81.4%

    Previous 29 · 72.5%

  2. Extension11 · 18.6%

    Previous 11 · 27.5%

Entity types

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

  1. Co-operative bank48 · 81.4%

    Previous 33 · 82.5%

  2. Bank5 · 8.5%

    Previous 3 · 7.5%

  3. NBFC5 · 8.5%

    Previous 4 · 10%

  4. Payment entity1 · 1.7%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure32 · 54.2%

    Previous 13 · 32.5%

  2. Customer protection20 · 33.9%

    Previous 13 · 32.5%

  3. Lending norms19 · 32.2%

    Previous 10 · 25%

  4. Capital & exposure norms15 · 25.4%

    Previous 16 · 40%

  5. Governance & oversight12 · 20.3%

    Previous 8 · 20%

  6. KYC / AML12 · 20.3%

    Previous 2 · 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 ICICI Bank Ltd

    Largest disclosed penaltyS4 High
    17 Oct 2023₹12.19 croremonetary penalty

    ICICI Bank Ltd.

    ICICI Bank was penalized for contravention of Banking Regulation Act provisions and RBI directions. Breaches included sanctioning/committing loans to companies where two directors were also directors, marketing non-financial products, and delayed fraud reporting.

What It Cost

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

Median
₹2 L

Previous ₹5 L

Largest
₹12.19 cr

Previous ₹1.62 cr

Top five
₹25.03 cr

Previous ₹4.4 cr

95th percentile
₹3.95 cr

Previous ₹1.3 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₹17.78 cr₹3.92 cr64.2%
Payment entity₹5.39 cr₹025%
NBFC₹2.61 cr₹30.35 L10.7%
Co-operative bank₹1.12 cr₹1.08 cr0.2%

Entity Coverage

Declared
59
Names extracted
58
Canonical links
58
First seen
6

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

Some source records declare entities but contain no extracted names.

Orders Still in Force

Orders
39
Entities
39
Expiring next
9
Duplicate entity rows
0

Next expiry window: 1 Nov 202330 Nov 2023.