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 |
|---|---|---|---|---|
| 25 Sept | 0 | 0 | 0 | 0 |
| 2 Oct | 10 | 5 | 3 | 2 |
| 9 Oct | 16 | 4 | 7 | 5 |
| 16 Oct | 17 | 7 | 3 | 7 |
| 23 Oct | 11 | 3 | 2 | 6 |
| 30 Oct | 9 | 4 | 4 | 1 |
| 6 Nov | 8 | 2 | 3 | 3 |
| 13 Nov | 6 | 0 | 2 | 4 |
| 20 Nov | 19 | 7 | 3 | 9 |
| 27 Nov | 11 | 7 | 0 | 4 |
| 4 Dec | 20 | 9 | 1 | 10 |
| 11 Dec | 9 | 3 | 2 | 4 |
| 18 Dec | 10 | 7 | 3 | 0 |
| 25 Dec | 10 | 6 | 0 | 4 |
What Stood Out
Each finding is grounded in precomputed metrics. Open it to inspect the supporting numbers and the limits of the claim.
Severe actions formed a smaller share of the quarter’s activity
Severe actions numbered 59, or 37.8%, compared with 62, or 57.9%, in Q3 2023. The severity average was 2.47; cancellations numbered 10 versus 13, while supersession was 1 versus 0.
Banks accounted for most of the increase in disclosed penalty value
The disclosed total rose from ₹6.01 crore to ₹41.51 crore, an increase of ₹35.50 crore. Banks accounted for 73.5% of that increase, with ₹30.05 crore across 12 actions versus ₹3.97 crore across 4 in Q3 2023.
A small group of penalties accounted for most disclosed value
The largest penalty was ₹12.19 crore, equal to 29.4% of the ₹41.51 crore total. The top five penalties made up 74.4%, while the median penalty was ₹2.0 lakh.
More orders were due to expire in the next quarter than were in force
There were 41 orders in force covering 41 entities at the end of the period. A further 43 orders were due to expire between 1 January 2024 and 31 March 2024; the longest-running order had been in force for 21 months until 31 March 2024.
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 penalty106 · 67.9%
Previous 48 · 44.9%
- Business restriction38 · 24.4%
Previous 46 · 43%
- Licence cancellation10 · 6.4%
Previous 13 · 12.1%
- Action lifted1 · 0.6%
- Board supersession1 · 0.6%
Lifecycle
Fresh actions, extensions and withdrawals.
- Fresh action120 · 76.9%
Previous 65 · 60.7%
- Extension35 · 22.4%
Previous 42 · 39.3%
- Lifted / withdrawn1 · 0.6%
Entity types
Action records by regulated-entity class, not entities affected.
- Co-operative bank126 · 80.8%
Previous 96 · 89.7%
- NBFC16 · 10.3%
Previous 5 · 4.7%
- Bank13 · 8.3%
Previous 5 · 4.7%
- Payment entity1 · 0.6%
Previous 1 · 0.9%
Why RBI acted
Overlapping themes; one action may carry several reasons.
- Reporting & disclosure80 · 51.3%
Previous 29 · 27.1%
- Customer protection42 · 26.9%
Previous 27 · 25.2%
- Capital & exposure norms39 · 25%
Previous 31 · 29%
- Lending norms37 · 23.7%
Previous 19 · 17.8%
- Other34 · 21.8%
Previous 34 · 31.8%
- Governance & oversight27 · 17.3%
Previous 21 · 19.6%
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 ICICI Bank Ltd
17 Oct 2023₹12.19 croremonetary penaltyICICI Bank Ltd.
RBI imposed a monetary penalty on ICICI Bank Ltd. for contravention of Banking Regulation Act provisions and RBI directions. The breaches included loan-related conflicts, marketing non-financial products and delayed fraud reporting.
RBI cancels Certificate of Registration of Two NBFCs
10 Nov 2023licence cancellationTodays Holdings Private Limited
RBI cancelled the Certificates of Registration of two NBFCs under Section 45-IA(6) of the RBI Act, 1934. The companies are barred from carrying on non-banking financial institution business.
Reserve Bank of India cancels the licence of the Musiri Urban Co-operative Bank Ltd., Musiri
30 Dec 2023licence cancellationMusiri Urban Co-operative Bank Ltd., Musiri
RBI cancelled the licence of Musiri Urban Co-operative Bank Ltd., Musiri because it lacked adequate capital and earning prospects and did not comply with licensing requirements. RBI said its continuance was prejudicial to depositors’ interests and public interest.
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Raigad Sahakari Bank Limited, Mumbai – Withdrawal of Directions
28 Dec 2023action liftedRaigad Sahakari Bank Limited, Mumbai
RBI withdrew the Section 35A read with Section 56 Directions previously issued to Raigad Sahakari Bank Limited, Mumbai. The directions had earlier been extended from time to time.
What It Cost
106 actions had a disclosed amount. Totals and distribution shape are kept separate from action volume.
- Median
- ₹2 L
- Largest
- ₹12.19 cr
- Top five
- ₹30.87 cr
- 95th percentile
- ₹2.5 cr
Previous ₹2 L
Previous ₹1.62 cr
Previous ₹4.48 cr
Previous ₹1 cr
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 | ₹30.05 cr | ₹3.97 cr | 73.5% |
| Payment entity | ₹5.39 cr | ₹30.5 L | 14.3% |
| NBFC | ₹3.63 cr | ₹30.35 L | 9.4% |
| Co-operative bank | ₹2.44 cr | ₹1.43 cr | 2.8% |
Entity Coverage
- Declared
- 157
- Names extracted
- 158
- Canonical links
- 158
- First seen
- 55
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
- 41
- Entities
- 41
- Expiring next
- 43
- Duplicate entity rows
- 0
Next expiry window: 1 Jan 2024–31 Mar 2024.