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RBI cancelled two NBFC licences, ending their NBFC business

6th busiestof 140 comparable periods· top 4%

50 RBI action records published between 1 November 2024 and 30 November 2024: 40 fresh actions, 9 extensions of existing orders, 1 restriction lifted and 38 monetary-penalty actions with an amount stated, totalling ₹1.81 crore. That is 50 records against 43 over the same 30 days of October 2024, and ₹1.81 crore of disclosed penalty value against ₹92.0 lakh.

Period complete. 30 days covered.

Action records
50

43 in October 2024

Disclosed penalties
₹1.81 cr

₹92 L in October 2024

Severe actions · S4–S5
13

14 · 32.6% previously

Orders in force
31

11 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 Nov0000
2 Nov0000
3 Nov0000
4 Nov5500
5 Nov0000
6 Nov0000
7 Nov5410
8 Nov2002
9 Nov0000
10 Nov0000
11 Nov2200
12 Nov1001
13 Nov0000
14 Nov6321
15 Nov0000
16 Nov0000
17 Nov0000
18 Nov6411
19 Nov0000
20 Nov0000
21 Nov7322
22 Nov4004
23 Nov0000
24 Nov0000
25 Nov5230
26 Nov2101
27 Nov1001
28 Nov4310
29 Nov0000
30 Nov0000

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 accounted for the increase in disclosed penalty value

Disclosed penalties rose from ₹92.0 lakh in October 2024 to ₹1.81 crore in November 2024, a change of ₹88.9 lakh. Banks accounted for ₹1.21 crore in November 2024 against ₹15.0 lakh in October 2024, while NBFC penalties fell from ₹29.8 lakh to ₹4.8 lakh. The bank category's change represented 118.7% of the overall increase because NBFCs moved in the opposite direction.

02

The severe-action share was lower than in October

November 2024 had 13 severe actions, or 26.0% of the total, compared with 14 severe actions and 32.6% in October 2024. The month also recorded 1 supersession, against 0 in October 2024.

03

Orders affecting 31 entities remained in force

There were 31 orders in force affecting 31 entities. Of these, 11 were due to expire between 1 December 2024 and 31 December 2024.

04

Reporting and disclosure was the most common recorded theme

Reporting and disclosure appeared in 29 actions, or 58.0%. KYC / AML and lending norms each appeared in 17 actions, or 34.0%. Themes overlap, so these counts are not exclusive.

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 penalty38 · 76%

    Previous 28 · 65.1%

  2. Business restriction8 · 16%

    Previous 12 · 27.9%

  3. Licence cancellation2 · 4%

    Previous 2 · 4.7%

  4. Action lifted1 · 2%
  5. Board supersession1 · 2%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action40 · 80%

    Previous 31 · 72.1%

  2. Extension9 · 18%

    Previous 12 · 27.9%

  3. Lifted / withdrawn1 · 2%

Entity types

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

  1. Co-operative bank45 · 90%

    Previous 35 · 81.4%

  2. NBFC3 · 6%

    Previous 5 · 11.6%

  3. Bank2 · 4%

    Previous 2 · 4.7%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure29 · 58%

    Previous 20 · 46.5%

  2. KYC / AML17 · 34%

    Previous 3 · 7%

  3. Lending norms17 · 34%

    Previous 10 · 23.3%

  4. Governance & oversight13 · 26%

    Previous 11 · 25.6%

  5. Capital & exposure norms7 · 14%

    Previous 5 · 11.6%

  6. Customer protection7 · 14%

    Previous 3 · 7%

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 RBL Bank Limited

    Largest disclosed penaltyS4 High
    22 Nov 2024₹61.4 lakhmonetary penalty

    RBL Bank Limited

    RBL Bank Limited received the largest disclosed penalty, ₹61.4 lakh. The action concerned alleged non-compliance with RBI directions on Know Your Customer requirements, including opening certain credit card accounts without a prescribed OVD and assigning multiple Customer Identification Codes instead of a UCIC for some customers.

What It Cost

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

Median
₹1.38 L

Previous ₹2 L

Largest
₹61.4 L

Previous ₹28.3 L

Top five
₹1.36 cr

Previous ₹57.8 L

95th percentile
₹59.2 L

Previous ₹14 L

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₹1.21 cr₹15 L118.7%
NBFC₹4.75 L₹29.8 L-28.2%
Co-operative bank₹55.59 L₹47.2 L9.4%

Entity Coverage

Declared
51
Names extracted
51
Canonical links
51
First seen
25

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

Orders Still in Force

Orders
31
Entities
31
Expiring next
11
Duplicate entity rows
0

Next expiry window: 1 Dec 202431 Dec 2024.