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 |
|---|---|---|---|---|
| 27 Mar | 0 | 0 | 0 | 0 |
| 3 Apr | 10 | 1 | 2 | 7 |
| 10 Apr | 3 | 0 | 0 | 3 |
| 17 Apr | 8 | 0 | 1 | 7 |
| 24 Apr | 13 | 1 | 3 | 9 |
| 1 May | 8 | 4 | 4 | 0 |
| 8 May | 7 | 2 | 0 | 5 |
| 15 May | 4 | 2 | 1 | 1 |
| 22 May | 9 | 3 | 2 | 4 |
| 29 May | 3 | 1 | 0 | 2 |
| 5 Jun | 8 | 3 | 1 | 4 |
| 12 Jun | 8 | 1 | 3 | 4 |
| 19 Jun | 6 | 0 | 3 | 3 |
| 26 Jun | 13 | 3 | 9 | 1 |
What Stood Out
Each finding is grounded in precomputed metrics. Open it to inspect the supporting numbers and the limits of the claim.
The upper end of disclosed penalties moved higher
The median disclosed penalty was ₹5.5 lakh in Q2 2023, against ₹2.0 lakh in Q1 2023. The 95th percentile was ₹2.20 crore versus ₹42.5 lakh, while the maximum was ₹6.77 crore versus ₹3.07 crore.
Banks supplied the largest share of the increase in penalty value
Banks accounted for 59.1% of the ₹16.21 crore increase, with disclosed penalty value of ₹12.87 crore in Q2 2023 versus ₹3.29 crore in Q1 2023. NBFCs accounted for 38.5%, with ₹7.14 crore versus ₹89.7 lakh.
Severe actions made up a smaller share of the record
There were 50 severe actions, or 50.0% of records, compared with 55 and 52.4% in Q1 2023. The period included 5 cancellation actions, against 4 in Q1 2023.
The in-force stock had a near-term expiry window
There were 48 orders in force at quarter-end, covering 48 entities. Of these, 45 were due to expire between 1 July 2023 and 30 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.
- Monetary penalty60 · 60%
Previous 51 · 48.6%
- Business restriction35 · 35%
Previous 48 · 45.7%
- Licence cancellation5 · 5%
Previous 4 · 3.8%
Lifecycle
Fresh actions, extensions and withdrawals.
- Fresh action68 · 68%
Previous 70 · 66.7%
- Extension32 · 32%
Previous 34 · 32.4%
Entity types
Action records by regulated-entity class, not entities affected.
- Co-operative bank75 · 75%
Previous 89 · 84.8%
- Bank13 · 13%
Previous 7 · 6.7%
- NBFC8 · 8%
Previous 8 · 7.6%
- Credit bureau4 · 4%
Why RBI acted
Overlapping themes; one action may carry several reasons.
- Reporting & disclosure43 · 43%
Previous 38 · 36.2%
- Customer protection24 · 24%
Previous 25 · 23.8%
- KYC / AML22 · 22%
Previous 12 · 11.4%
- Other22 · 22%
Previous 33 · 31.4%
- Capital & exposure norms21 · 21%
Previous 27 · 25.7%
- Lending norms17 · 17%
Previous 22 · 21%
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 Mahindra & Mahindra Financial Services Limited, Mumbai
6 Apr 2023₹6.77 croremonetary penaltyMahindra & Mahindra Financial Services Limited
This was the period's largest disclosed penalty. It concerned non-compliance with RBI directions on fair practices under the NBFC master directions, including disclosure of the annualised rate of interest and notice of a higher rate.
RBI cancels Certificate of Registration of seven NBFCs
12 May 2023licence cancellationCoorg Tea Company Limited
This was the widest order, covering seven NBFCs. The companies can no longer transact business as Non-Banking Financial Institutions.
RBI cancels the licence granted to Mahalaxmi Cooperative Bank Ltd., Dharwad, Karnataka and allows it to function as non-banking institution
27 Jun 2023licence cancellationMahalaxmi Cooperative Bank Ltd., Dharwad, Karnataka
This was the period's highest-severity single-entity action. The bank must stop conducting banking business, including acceptance of deposits from non-members, with immediate effect.
What It Cost
60 actions had a disclosed amount. Totals and distribution shape are kept separate from action volume.
- Median
- ₹5.5 L
- Largest
- ₹6.77 cr
- Top five
- ₹16.13 cr
- 95th percentile
- ₹2.2 cr
Previous ₹2 L
Previous ₹3.07 cr
Previous ₹6.46 cr
Previous ₹42.48 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 |
|---|---|---|---|
| Bank | ₹12.87 cr | ₹3.29 cr | 59.1% |
| NBFC | ₹7.14 cr | ₹89.69 L | 38.5% |
| Payment entity | ₹0 | ₹3.07 cr | -18.9% |
| Co-operative bank | ₹3.66 cr | ₹1.22 cr | 15.1% |
| Credit bureau | ₹1.01 cr | ₹0 | 6.2% |
Entity Coverage
- Declared
- 107
- Names extracted
- 106
- Canonical links
- 106
- First seen
- 45
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
- 48
- Entities
- 48
- Expiring next
- 45
- Duplicate entity rows
- 0
Next expiry window: 1 Jul 2023–30 Sept 2023.