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RBI cancelled a co-operative bank’s licence in July

20th busiestof 140 comparable periods· top 14%

37 RBI action records published between 1 July 2024 and 31 July 2024: 28 fresh actions, 9 extensions of existing orders and 22 monetary-penalty actions with an amount stated, totalling ₹8.04 crore. That is 37 records against 28 over the same 31 days of June 2024, and ₹8.04 crore of disclosed penalty value against ₹2.84 crore.

Period complete. 31 days covered.

Action records
37

28 in June 2024

Disclosed penalties
₹8.04 cr

₹2.85 cr in June 2024

Severe actions · S4–S5
17

15 · 53.6% previously

Orders in force
36

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 Jul4310
2 Jul0000
3 Jul0000
4 Jul1001
5 Jul3003
6 Jul0000
7 Jul0000
8 Jul2002
9 Jul0000
10 Jul0000
11 Jul1001
12 Jul3021
13 Jul0000
14 Jul0000
15 Jul5500
16 Jul0000
17 Jul0000
18 Jul4310
19 Jul2101
20 Jul1001
21 Jul0000
22 Jul1010
23 Jul2002
24 Jul3003
25 Jul2200
26 Jul3012
27 Jul0000
28 Jul0000
29 Jul0000
30 Jul0000
31 Jul0000

What Stood Out

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

01

One penalty made up most of the disclosed value

The largest of 22 disclosed penalties was ₹5.93 crore, or 73.8% of the ₹8.04 crore total. The top five accounted for 96.9%, while the median penalty was ₹2.0 lakh.

02

Co-operative banks accounted for the increase in penalty value

Co-operative banks carried ₹6.29 crore in July, up from ₹12.0 lakh in June, across 19 actions versus 11. That was 118.7% of the ₹5.20 crore increase because the bank category moved the other way, falling from ₹2.72 crore to ₹1.32 crore.

03

Severe actions took a smaller share despite rising in count

Severe actions numbered 17, or 45.9% of July actions, compared with 15 and 53.6% in June. Cancellations numbered 6, against 2, while supersessions remained at 0 in both periods.

04

Ten in-force orders were due to expire in August

The in-force stock stood at 36 orders covering 35 entities. Ten were due to expire between 1 August 2024 and 31 August 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 penalty22 · 59.5%

    Previous 15 · 53.6%

  2. Business restriction9 · 24.3%

    Previous 11 · 39.3%

  3. Licence cancellation6 · 16.2%

    Previous 2 · 7.1%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action28 · 75.7%

    Previous 19 · 67.9%

  2. Extension9 · 24.3%

    Previous 9 · 32.1%

Entity types

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

  1. Co-operative bank32 · 86.5%

    Previous 24 · 85.7%

  2. NBFC3 · 8.1%

    Previous 1 · 3.6%

  3. Bank1 · 2.7%

    Previous 3 · 10.7%

  4. Payment entity1 · 2.7%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure16 · 43.2%

    Previous 12 · 42.9%

  2. Capital & exposure norms11 · 29.7%

    Previous 11 · 39.3%

  3. KYC / AML10 · 27%

    Previous 4 · 14.3%

  4. Customer protection8 · 21.6%

    Previous 5 · 17.9%

  5. Other8 · 21.6%

    Previous 7 · 25%

  6. Governance & oversight7 · 18.9%

    Previous 9 · 32.1%

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

    This was the largest disclosed penalty in the period. RBI imposed a monetary penalty for multiple compliance failures, including director-related lending, cyber security control lapses, NPA classification issues, multiple UCIC allotments, and donations to an interested trust/institution.

    Read case briefRBI source

  3. RBI cancels the licence of The Mahabhairab Cooperative Urban Bank Ltd., Tezpur, Assam

    Highest severity, single entityS5 Severe
    24 Jul 2024licence cancellation

    The Mahabhairab Cooperative Urban Bank Ltd., Tezpur, Assam

    This was the period’s highest-severity single-entity action. RBI cancelled the bank’s licence because it lacked adequate capital and earning prospects and failed to meet statutory conditions under the Banking Regulation Act. RBI also said its continuance would be prejudicial to depositors and public interest.

    Read case briefRBI source

What It Cost

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

Median
₹2 L

Previous ₹1 L

Largest
₹5.93 cr

Previous ₹1.46 cr

Top five
₹7.79 cr

Previous ₹2.77 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
Co-operative bank₹6.29 cr₹12 L118.7%
Bank₹1.32 cr₹2.72 cr-26.9%
Payment entity₹41.5 L₹08%
NBFC₹1.9 L₹1 L0.2%

Entity Coverage

Declared
39
Names extracted
39
Canonical links
39
First seen
14

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

Orders Still in Force

Orders
36
Entities
35
Expiring next
10
Duplicate entity rows
1

Next expiry window: 1 Aug 2024–31 Aug 2024.