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RBI revoked a payment-system operator’s authorisation

1st busiestof 12 comparable periods· top 8%

486 RBI action records published between 1 January 2024 and 31 December 2024: 361 fresh actions, 119 extensions of existing orders, 6 restrictions lifted and 322 monetary-penalty actions with an amount stated, totalling ₹54.47 crore. That is 486 records against 468 over the same 366 days of 2023, and ₹54.47 crore of disclosed penalty value against ₹80.67 crore.

Period complete. 366 days covered.

Action records
486

468 in 2023

Disclosed penalties
₹54.47 cr

₹80.67 cr in 2023

Severe actions · S4–S5
185

226 · 48.3% previously

Orders in force
30

82 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
Jan38101216
Feb45141219
Mar339915
Apr55171919
May3491015
Jun2811215
Jul3714617
Aug39121215
Sept3271114
Oct43171214
Nov50271013
Dec52201913

What Stood Out

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

01

Penalties were less concentrated in the largest actions

The largest disclosed penalty was ₹5.93 crore, compared with ₹12.19 crore in 2023. The top five accounted for 26.7% of disclosed value, versus 41.8%, while the median remained ₹2.0 lakh.

02

Banks account for most of the disclosed-value decline

Disclosed penalty value fell by ₹26.20 crore, from ₹80.67 crore to ₹54.47 crore. Banks recorded ₹30.10 crore across 35 actions versus ₹50.18 crore across 33, accounting for 76.7% of the decline.

03

Severe actions made up a smaller share of the record

The severe category covered 185 actions, or 38.1% of the total, compared with 226 actions and 48.3% in 2023. Licence cancellations were 26, down from 32, while supersession was 1 in both periods.

04

Orders remained in force while 82 were due to expire in 2025

There were 30 orders covering 30 entities in force. Another 82 were due to expire between 1 January 2025 and 31 December 2025; the longest-running order concerned The Konark Urban Co-operative Bank Ltd., Ulhasnagar and had run for 8 months until 23 January 2025.

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 penalty322 · 66.3%

    Previous 265 · 56.6%

  2. Business restriction128 · 26.3%

    Previous 167 · 35.7%

  3. Licence cancellation26 · 5.3%

    Previous 32 · 6.8%

  4. Action lifted6 · 1.2%

    Previous 2 · 0.4%

  5. Cease & desist3 · 0.6%
  6. Board supersession1 · 0.2%

    Previous 1 · 0.2%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action361 · 74.3%

    Previous 323 · 69%

  2. Extension119 · 24.5%

    Previous 143 · 30.6%

  3. Lifted / withdrawn6 · 1.2%

    Previous 2 · 0.4%

Entity types

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

  1. Co-operative bank390 · 80.2%

    Previous 386 · 82.5%

  2. NBFC53 · 10.9%

    Previous 37 · 7.9%

  3. Bank39 · 8%

    Previous 38 · 8.1%

  4. Payment entity4 · 0.8%

    Previous 3 · 0.6%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure252 · 51.9%

    Previous 190 · 40.6%

  2. Lending norms135 · 27.8%

    Previous 95 · 20.3%

  3. Capital & exposure norms111 · 22.8%

    Previous 118 · 25.2%

  4. Governance & oversight111 · 22.8%

    Previous 86 · 18.4%

  5. Other104 · 21.4%

    Previous 123 · 26.3%

  6. Customer protection88 · 18.1%

    Previous 118 · 25.2%

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 The Mehsana Urban Co-operative Bank Ltd., Gujarat

    Largest disclosed penaltyS4 High
    12 Jul 2024₹5.93 croremonetary penalty

    The Mehsana Urban Co-operative Bank Ltd., Gujarat

    The Mehsana Urban Co-operative Bank Ltd., Gujarat received the largest disclosed penalty, ₹5.93 crore, for multiple compliance failures, including director-related lending, cyber security control lapses, NPA classification issues, multiple UCIC allotments, and donations to an interested trust or institution.

    Read case briefRBI source

  4. RBI cancels the licence of The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali

    Highest severity, single entityS5 Severe
    30 Dec 2024licence cancellation

    The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali

    RBI cancelled the licence of The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali because it lacked adequate capital and earning prospects and failed to meet several statutory requirements. RBI said its continuance was prejudicial to depositors and public interest.

    Read case briefRBI source

What It Cost

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

Median
₹2 L

Previous ₹2 L

Largest
₹5.93 cr

Previous ₹12.19 cr

Top five
₹14.53 cr

Previous ₹33.69 cr

95th percentile
₹1 cr

Previous ₹1.62 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₹30.1 cr₹50.18 cr76.7%
Co-operative bank₹17.49 cr₹8.75 cr-33.4%
Payment entity₹41.5 L₹8.76 cr31.9%
NBFC₹6.47 cr₹11.97 cr21%
Credit bureau₹0₹1.01 cr3.8%

Entity Coverage

Declared
529
Names extracted
535
Canonical links
535
First seen
271

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
30
Entities
30
Expiring next
82
Duplicate entity rows
0

Next expiry window: 1 Jan 2025–31 Dec 2025.