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RBI cancelled the licence of Lucknow Urban Co-operative Bank Ltd.

8th busiestof 47 comparable periods· top 17%

107 RBI action records published between 1 July 2023 and 30 September 2023: 65 fresh actions, 42 extensions of existing orders and 48 monetary-penalty actions with an amount stated, totalling ₹6.01 crore. That is 107 records against 100 over the same 92 days of Q2 2023, and ₹6.01 crore of disclosed penalty value against ₹24.68 crore.

Period complete. 92 days covered.

Action records
107

100 in Q2 2023

Disclosed penalties
₹6.01 cr

₹24.68 cr in Q2 2023

Severe actions · S4–S5
62

50 · 50% previously

Orders in force
44

44 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
26 Jun0000
3 Jul8206
10 Jul4004
17 Jul7007
24 Jul8008
31 Jul2002
7 Aug11803
14 Aug10532
21 Aug12633
28 Aug6006
4 Sept9009
11 Sept7331
18 Sept12354
25 Sept11047

What Stood Out

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

01

Penalty awards shifted toward smaller amounts

The median penalty was ₹2.0 lakh, down from ₹5.5 lakh in Q2 2023. The 90th percentile was ₹25.0 lakh against ₹84.5 lakh, and the 95th percentile was ₹1.00 crore against ₹2.20 crore; the top five awards made up 74.4% of the total, up from 65.4%.

02

Banks made up the largest share of the value decline

Banks accounted for 47.7% of the ₹18.66 crore decline, with current disclosed penalties of ₹3.97 crore against ₹12.87 crore in Q2 2023. NBFCs accounted for 36.6%, with ₹30.4 lakh against ₹7.14 crore.

03

Co-operative banks took a larger share of action records

Co-operative-bank records rose to 96, or 89.7% of actions, from 75, or 75.0%, in Q2 2023. Their share increased by 14.7 percentage points.

04

Severe actions formed a larger share of the record mix

There were 62 severe actions, or 57.9%, compared with 50, or 50.0%, in Q2 2023. The severity average was 3.08, while cancellation records numbered 13 against 5.

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 penalty48 · 44.9%

    Previous 60 · 60%

  2. Business restriction46 · 43%

    Previous 35 · 35%

  3. Licence cancellation13 · 12.1%

    Previous 5 · 5%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action65 · 60.7%

    Previous 68 · 68%

  2. Extension42 · 39.3%

    Previous 32 · 32%

Entity types

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

  1. Co-operative bank96 · 89.7%

    Previous 75 · 75%

  2. Bank5 · 4.7%

    Previous 13 · 13%

  3. NBFC5 · 4.7%

    Previous 8 · 8%

  4. Payment entity1 · 0.9%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Other34 · 31.8%

    Previous 22 · 22%

  2. Capital & exposure norms31 · 29%

    Previous 21 · 21%

  3. Reporting & disclosure29 · 27.1%

    Previous 43 · 43%

  4. Customer protection27 · 25.2%

    Previous 24 · 24%

  5. Governance & oversight21 · 19.6%

    Previous 13 · 13%

  6. Lending norms19 · 17.8%

    Previous 17 · 17%

Defining Actions

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

What It Cost

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

Median
₹2 L

Previous ₹5.5 L

Largest
₹1.62 cr

Previous ₹6.77 cr

Top five
₹4.48 cr

Previous ₹16.13 cr

95th percentile
₹1 cr

Previous ₹2.2 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₹3.97 cr₹12.87 cr47.7%
NBFC₹30.35 L₹7.14 cr36.6%
Co-operative bank₹1.43 cr₹3.66 cr11.9%
Credit bureau₹0₹1.01 cr5.4%
Payment entity₹30.5 L₹0-1.6%

Entity Coverage

Declared
110
Names extracted
110
Canonical links
110
First seen
38

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
44
Duplicate entity rows
0

Next expiry window: 1 Oct 202331 Dec 2023.