When Action Arrived
Published action records across the covered window, split into RegOversight severity bands. Empty intervals remain visible.
| Interval | Total | S0–S1 · lifted / low | S2–S3 · moderate / high | S4–S5 · major / severe |
|---|---|---|---|---|
| 26 Dec | 0 | 0 | 0 | 0 |
| 2 Jan | 8 | 2 | 2 | 4 |
| 9 Jan | 8 | 4 | 2 | 2 |
| 16 Jan | 9 | 1 | 1 | 7 |
| 23 Jan | 11 | 1 | 1 | 9 |
| 30 Jan | 6 | 2 | 3 | 1 |
| 6 Feb | 5 | 0 | 1 | 4 |
| 13 Feb | 3 | 1 | 0 | 2 |
| 20 Feb | 18 | 8 | 2 | 8 |
| 27 Feb | 10 | 1 | 1 | 8 |
| 6 Mar | 11 | 0 | 2 | 9 |
| 13 Mar | 2 | 0 | 2 | 0 |
| 20 Mar | 8 | 4 | 3 | 1 |
| 27 Mar | 6 | 4 | 2 | 0 |
What Stood Out
Each finding is grounded in precomputed metrics. Open it to inspect the supporting numbers and the limits of the claim.
Co-operative banks accounted for more than the net penalty decline
Co-operative banks accounted for 199.9% of the decline, with their disclosed penalty value falling from ₹5.66 crore to ₹1.22 crore. Payment entities, NBFCs and banks moved in the opposite direction: their values rose from ₹13.9 lakh to ₹3.07 crore, ₹5.0 lakh to ₹89.7 lakh, and ₹3.08 crore to ₹3.29 crore, respectively.
Higher-severity actions took a larger share of the quarter’s records
Severe actions numbered 55 and made up 52.4% of the quarter’s records, compared with 28 and 28.6% in Q4 2022. Cancellation actions numbered 4, down from 7, while supersession actions were 0 in both periods.
Existing orders carried enforcement activity into Q2 2023
The stock included 49 orders in force across 47 entities, with 34 due to expire in Q2 2023. The longest-running order had been in force for 12 months, until 31 March 2024.
Reporting and disclosure was the most frequent labelled theme
Reporting and disclosure appeared in 38 actions, or 36.2% of the 105 actions. Capital and exposure norms appeared in 27 actions, or 25.7%, while customer protection and governance and oversight each appeared in 25 actions, or 23.8%. These labels are not exclusive.
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.
- Monetary penalty51 · 48.6%
Previous 73 · 74.5%
- Business restriction48 · 45.7%
Previous 18 · 18.4%
- Licence cancellation4 · 3.8%
Previous 7 · 7.1%
- Action lifted1 · 1%
- Directive / prohibition1 · 1%
Lifecycle
Fresh actions, extensions and withdrawals.
- Fresh action70 · 66.7%
Previous 81 · 82.7%
- Extension34 · 32.4%
Previous 17 · 17.3%
- Lifted / withdrawn1 · 1%
Entity types
Action records by regulated-entity class, not entities affected.
- Co-operative bank89 · 84.8%
Previous 89 · 90.8%
- NBFC8 · 7.6%
Previous 4 · 4.1%
- Bank7 · 6.7%
Previous 2 · 2%
- Payment entity1 · 1%
Previous 2 · 2%
Why RBI acted
Overlapping themes; one action may carry several reasons.
- Reporting & disclosure38 · 36.2%
Previous 59 · 60.2%
- Other33 · 31.4%
Previous 11 · 11.2%
- Capital & exposure norms27 · 25.7%
Previous 31 · 31.6%
- Customer protection25 · 23.8%
Previous 9 · 9.2%
- Governance & oversight25 · 23.8%
Previous 21 · 21.4%
- Lending norms22 · 21%
Previous 23 · 23.5%
Defining Actions
Up to four non-duplicative actions selected for monetary impact, breadth, severity or relief. Quiet periods may show fewer.
RBI imposes Monetary Penalty on Amazon Pay (India) Private Limited
3 Mar 2023₹3.07 croremonetary penaltyAmazon Pay (India) Private Limited
RBI imposed a ₹3.07 crore monetary penalty on Amazon Pay (India) Private Limited. The action concerned non-compliance with certain provisions of RBI’s Master Directions on Prepaid Payment Instruments and the Master Direction on KYC.
Reserve Bank cancels Certificate of Registration (CoR) of two NBFCs due to irregular lending practices
13 Feb 2023licence cancellationKudos Finance and Investments Private Limited
RBI cancelled the CoR of two NBFCs for violations in digital lending through third-party apps. The record cites non-compliance with outsourcing and fair practices guidelines, excessive interest charges and harassment in loan recovery.
RBI cancels Certificate of Registration of M/s Rhino Finance Private Limited due to irregular lending practices
2 Mar 2023licence cancellationM/s Rhino Finance Private Limited
RBI cancelled the NBFC’s Certificate of Registration under Section 45-IA(6). The title indicates the cancellation was due to irregular lending practices.
Action against SBM Bank (India) Ltd., under section 35 A and 36 (1) (a) of the Banking Regulation Act, 1949 - Partial Relaxation
31 Jan 2023action liftedSBM Bank (India) Ltd.
RBI partially relaxed an earlier restriction on LRS transactions for SBM Bank (India) Ltd. ATM/POS transactions under LRS via KYC-compliant internationally active debit cards were allowed until March 15, 2023 or further orders.
What It Cost
51 actions had a disclosed amount. Totals and distribution shape are kept separate from action volume.
- Median
- ₹2 L
- Largest
- ₹3.07 cr
- Top five
- ₹6.46 cr
- 95th percentile
- ₹42.48 L
Previous ₹2 L
Previous ₹2.66 cr
Previous ₹6.67 cr
Previous ₹50 L
Change by entity type
Arithmetic attribution of the change in disclosed value. Contributions may exceed 100% or run in the opposite direction.
| Entity type | Current | Previous | Contribution |
|---|---|---|---|
| Co-operative bank | ₹1.22 cr | ₹5.66 cr | 199.9% |
| Payment entity | ₹3.07 cr | ₹13.9 L | -131.6% |
| Other | ₹0 | ₹1.76 cr | 79.1% |
| NBFC | ₹89.69 L | ₹5 L | -38.1% |
| Bank | ₹3.29 cr | ₹3.08 cr | -9.3% |
Entity Coverage
- Declared
- 106
- Names extracted
- 105
- Canonical links
- 105
- First seen
- 47
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
- 49
- Entities
- 47
- Expiring next
- 34
- Duplicate entity rows
- 2
Next expiry window: 1 Apr 2023–30 Jun 2023.