Skip to Main Content

Penalty value rose even as RBI action records fell

27th busiestof 140 comparable periods· top 19%

34 RBI action records published between 1 May 2024 and 31 May 2024: 23 fresh actions, 10 extensions of existing orders, 1 restriction lifted and 22 monetary-penalty actions with an amount stated, totalling ₹4.60 crore. That is 34 records against 55 over the same 31 days of April 2024, and ₹4.60 crore of disclosed penalty value against ₹3.76 crore.

Period complete. 31 days covered.

Action records
34

55 in April 2024

Disclosed penalties
₹4.6 cr

₹3.76 cr in April 2024

Severe actions · S4–S5
15

19 · 34.5% previously

Orders in force
35

10 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
1 May0000
2 May3210
3 May0000
4 May0000
5 May0000
6 May1100
7 May1001
8 May0000
9 May1100
10 May3210
11 May0000
12 May0000
13 May0000
14 May1010
15 May0000
16 May2110
17 May2002
18 May0000
19 May0000
20 May1001
21 May5122
22 May0000
23 May1001
24 May2011
25 May0000
26 May0000
27 May6123
28 May1001
29 May2011
30 May1001
31 May1001

What Stood Out

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

01

Severe actions took a larger share of the month's records

15 actions were classified as severe, or 44.1% of the total. In April 2024, 19 were severe and the share was 34.5%.

02

Banks supplied the main increase in disclosed penalty value

Disclosed penalty value rose to ₹4.60 crore from ₹3.76 crore, an increase of ₹84.2 lakh. The bank category accounted for 322.5% of the change, while co-operative banks and NBFCs moved in the opposite direction.

03

Co-operative banks still led records, but their share narrowed

Co-operative banks made up 67.6% of actions, down from 87.3% in April 2024. Banks' share rose to 17.6% from 5.5%, while the bank count rose to 6 from 3 and the co-operative bank count fell to 23 from 48.

04

Five penalties accounted for most of the disclosed value

The top five penalties represented 81.6% of the ₹4.60 crore total. The largest was ₹1.00 crore, or 21.7% of the total, while the median penalty was ₹3.1 lakh.

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 penalty22 · 64.7%

    Previous 38 · 69.1%

  2. Business restriction11 · 32.4%

    Previous 15 · 27.3%

  3. Action lifted1 · 2.9%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action23 · 67.6%

    Previous 45 · 81.8%

  2. Extension10 · 29.4%

    Previous 10 · 18.2%

  3. Lifted / withdrawn1 · 2.9%

Entity types

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

  1. Co-operative bank23 · 67.6%

    Previous 48 · 87.3%

  2. Bank6 · 17.6%

    Previous 3 · 5.5%

  3. NBFC5 · 14.7%

    Previous 4 · 7.3%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure20 · 58.8%

    Previous 34 · 61.8%

  2. Governance & oversight9 · 26.5%

    Previous 13 · 23.6%

  3. Other8 · 23.5%

    Previous 14 · 25.5%

  4. Capital & exposure norms7 · 20.6%

    Previous 12 · 21.8%

  5. Lending norms7 · 20.6%

    Previous 17 · 30.9%

  6. Customer protection6 · 17.6%

    Previous 13 · 23.6%

Defining Actions

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

  1. Supervisory Action against ECL Finance Limited and Edelweiss Asset Reconstruction Company Limited based on material supervisory concerns

    Widest orderS4 High
    29 May 2024business restriction

    ECL Finance Limited and Edelweiss Asset Reconstruction Company Limited

    RBI imposed business restrictions on ECL Finance Limited and Edelweiss Asset Reconstruction Company Limited for material supervisory concerns, including structured transactions used to evergreen stressed exposures and other compliance breaches.

What It Cost

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

Median
₹3.1 L

Previous ₹3 L

Largest
₹1 cr

Previous ₹1 cr

Top five
₹3.75 cr

Previous ₹2.83 cr

Percentiles
Suppressed

Too few priced actions for a stable tail estimate.

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₹3.77 cr₹1.05 cr322.5%
Co-operative bank₹75.5 L₹2.11 cr-160.8%
NBFC₹7.7 L₹59.7 L-61.7%

Entity Coverage

Declared
49
Names extracted
49
Canonical links
49
First seen
9

Entity counts are breadth indicators, not action counts. One bulk order can name hundreds of companies.

Orders Still in Force

Orders
35
Entities
34
Expiring next
10
Duplicate entity rows
1

Next expiry window: 1 Jun 202430 Jun 2024.