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RBI cancelled two co-operative bank licences in June

42nd busiestof 140 comparable periods· top 30%

28 RBI action records published between 1 June 2024 and 30 June 2024: 19 fresh actions, 9 extensions of existing orders and 15 monetary-penalty actions with an amount stated, totalling ₹2.84 crore. That is 28 records against 34 over the same 30 days of May 2024, and ₹2.84 crore of disclosed penalty value against ₹4.60 crore.

Period complete. 30 days covered.

Action records
28

34 in May 2024

Disclosed penalties
₹2.85 cr

₹4.6 cr in May 2024

Severe actions · S4–S5
15

15 · 44.1% previously

Orders in force
37

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 Jun0000
2 Jun0000
3 Jun2110
4 Jun0000
5 Jun0000
6 Jun1001
7 Jun2002
8 Jun0000
9 Jun0000
10 Jun7403
11 Jun1001
12 Jun3003
13 Jun4400
14 Jun2002
15 Jun1001
16 Jun0000
17 Jun0000
18 Jun0000
19 Jun1001
20 Jun0000
21 Jun0000
22 Jun0000
23 Jun0000
24 Jun2200
25 Jun1001
26 Jun0000
27 Jun0000
28 Jun1010
29 Jun0000
30 Jun0000

What Stood Out

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

01

Banks account for most of the decline in disclosed penalty value

Banks recorded ₹2.72 crore across 3 actions, versus ₹3.77 crore across 6 in May 2024. They accounted for 60.0% of the ₹1.75 crore decline, while co-operative banks accounted for 36.2%.

02

Severe actions made up a larger share of the month’s records

There were 15 severe actions, the same count as in May 2024, but their share rose to 53.6% from 44.1%.

03

A small number of actions held nearly all disclosed penalty value

The largest disclosed penalty was ₹1.46 crore, representing 51.1% of the ₹2.84 crore total. The top five accounted for 97.2%, while the median penalty was ₹1.0 lakh.

04

Several orders remained active but were nearing expiry

At period end, 37 orders were in force across 36 entities. 10 orders were due to expire between 1 July 2024 and 31 July 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.

  1. Monetary penalty15 · 53.6%

    Previous 22 · 64.7%

  2. Business restriction11 · 39.3%

    Previous 11 · 32.4%

  3. Licence cancellation2 · 7.1%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action19 · 67.9%

    Previous 23 · 67.6%

  2. Extension9 · 32.1%

    Previous 10 · 29.4%

Entity types

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

  1. Co-operative bank24 · 85.7%

    Previous 23 · 67.6%

  2. Bank3 · 10.7%

    Previous 6 · 17.6%

  3. NBFC1 · 3.6%

    Previous 5 · 14.7%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure12 · 42.9%

    Previous 20 · 58.8%

  2. Capital & exposure norms11 · 39.3%

    Previous 7 · 20.6%

  3. Governance & oversight9 · 32.1%

    Previous 9 · 26.5%

  4. Other7 · 25%

    Previous 8 · 23.5%

  5. Lending norms6 · 21.4%

    Previous 7 · 20.6%

  6. Customer protection5 · 17.9%

    Previous 6 · 17.6%

Defining Actions

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

  1. Reserve Bank of India cancels the licence of Purvanchal Co-operative Bank Ltd., Ghazipur, Uttar Pradesh

    Widest orderS5 Severe
    15 Jun 2024licence cancellation

    Purvanchal Co-operative Bank Ltd., Ghazipur, Uttar Pradesh

    RBI cancelled the licence of Purvanchal Co-operative Bank Ltd., Ghazipur, Uttar Pradesh, citing inadequate capital and earning prospects, non-compliance with licensing requirements under the Banking Regulation Act, and a continuance prejudicial to depositors and public interest.

  2. RBI cancels the licence of The City Co-operative Bank Ltd., Mumbai, Maharashtra

    Highest severity, single entityS5 Severe
    19 Jun 2024licence cancellation

    The City Co-operative Bank Ltd., Mumbai, Maharashtra

    RBI cancelled the licence of The City Co-operative Bank Ltd., Mumbai, Maharashtra, because it lacked adequate capital and earning prospects, failed to meet licensing requirements under the Banking Regulation Act, and its continuance was prejudicial to depositors and public interest.

What It Cost

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

Median
₹1 L

Previous ₹3.1 L

Largest
₹1.46 cr

Previous ₹1 cr

Top five
₹2.77 cr

Previous ₹3.75 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₹2.72 cr₹3.77 cr60%
Co-operative bank₹12 L₹75.5 L36.2%
NBFC₹1 L₹7.7 L3.8%

Entity Coverage

Declared
28
Names extracted
28
Canonical links
28
First seen
13

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

Orders Still in Force

Orders
37
Entities
36
Expiring next
10
Duplicate entity rows
1

Next expiry window: 1 Jul 202431 Jul 2024.