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Penalty value fell as RBI cancelled a cooperative bank's licence

5th busiestof 47 comparable periods· top 11%

116 RBI action records published between 1 January 2024 and 31 March 2024: 82 fresh actions, 33 extensions of existing orders, 1 restriction lifted and 72 monetary-penalty actions with an amount stated, totalling ₹14.19 crore. That is 116 records against 156 over the same 91 days of Q4 2023, and ₹14.19 crore of disclosed penalty value against ₹41.51 crore.

Period complete. 91 days covered.

Action records
116

156 in Q4 2023

Disclosed penalties
₹14.19 cr

₹41.51 cr in Q4 2023

Severe actions · S4–S5
50

59 · 37.8% previously

Orders in force
32

31 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 Jan6321
8 Jan12255
15 Jan8143
22 Jan6006
29 Jan11821
5 Feb9135
12 Feb8314
19 Feb9414
26 Feb14266
4 Mar7025
11 Mar7025
18 Mar9234
25 Mar10721

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 records

Severe actions made up 43.1% of records, up from 37.8% in the previous quarter. The count was 50, compared with 59 previously.

02

Banks accounted for most of the decline in disclosed penalty value

Disclosed penalty value fell by ₹27.32 crore. Banks accounted for 76.5% of that decline, with current value of ₹9.14 crore against ₹30.05 crore previously.

03

The penalty distribution was less concentrated at the top

The median penalty was ₹5.0 lakh, up from ₹2.0 lakh. The largest was ₹2.00 crore, down from ₹12.19 crore, while the top five accounted for 48.9%, down from 74.4%.

04

Orders covered more declared entities than action records

The 116 records declared 130 entities. The three largest orders declared 10, 4 and 3 entities, respectively, with the largest orders declaring 17 entities.

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 penalty72 · 62.1%

    Previous 106 · 67.9%

  2. Business restriction34 · 29.3%

    Previous 38 · 24.4%

  3. Licence cancellation7 · 6%

    Previous 10 · 6.4%

  4. Cease & desist2 · 1.7%
  5. Action lifted1 · 0.9%

    Previous 1 · 0.6%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action82 · 70.7%

    Previous 120 · 76.9%

  2. Extension33 · 28.4%

    Previous 35 · 22.4%

  3. Lifted / withdrawn1 · 0.9%

    Previous 1 · 0.6%

Entity types

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

  1. Co-operative bank92 · 79.3%

    Previous 126 · 80.8%

  2. Bank12 · 10.3%

    Previous 13 · 8.3%

  3. NBFC10 · 8.6%

    Previous 16 · 10.3%

  4. Payment entity2 · 1.7%

    Previous 1 · 0.6%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure55 · 47.4%

    Previous 80 · 51.3%

  2. Other31 · 26.7%

    Previous 34 · 21.8%

  3. Capital & exposure norms30 · 25.9%

    Previous 39 · 25%

  4. Lending norms29 · 25%

    Previous 37 · 23.7%

  5. Governance & oversight24 · 20.7%

    Previous 27 · 17.3%

  6. Customer protection22 · 19%

    Previous 42 · 26.9%

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 State Bank of India

    Largest disclosed penaltyS4 High
    26 Feb 2024₹2.00 croremonetary penalty

    State Bank of India

    State Bank of India was penalized for holding shares as pledgee in excess of the statutory limit and for failing to credit eligible amounts to the Depositor Education and Awareness Fund within the prescribed time. It was the largest disclosed penalty in the period.

    Read case briefRBI source

  3. RBI cancels the licence of Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan

    Highest severity, single entityS5 Severe
    28 Feb 2024licence cancellation

    Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan

    Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan lacked adequate capital and earning prospects and failed multiple eligibility requirements under Sections 11(1) and 22(3) read with Section 56 of the Banking Regulation Act, 1949. RBI said its continuance was prejudicial to depositors and public interest.

    Read case briefRBI source

What It Cost

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

Median
₹5 L

Previous ₹2 L

Largest
₹2 cr

Previous ₹12.19 cr

Top five
₹6.93 cr

Previous ₹30.87 cr

95th percentile
₹1.2 cr

Previous ₹2.5 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₹9.14 cr₹30.05 cr76.5%
Payment entity₹0₹5.39 cr19.7%
NBFC₹49.4 L₹3.63 cr11.5%
Co-operative bank₹4.55 cr₹2.44 cr-7.7%

Entity Coverage

Declared
130
Names extracted
133
Canonical links
133
First seen
62

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

Orders Still in Force

Orders
32
Entities
32
Expiring next
31
Duplicate entity rows
0

Next expiry window: 1 Apr 2024–30 Jun 2024.