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RBI cancelled four NBFC registrations in one order

3rd busiestof 47 comparable periods· top 6%

145 RBI action records published between 1 October 2024 and 31 December 2024: 110 fresh actions, 31 extensions of existing orders, 4 restrictions lifted and 102 monetary-penalty actions with an amount stated, totalling ₹4.65 crore. That is 145 records against 108 over the same 92 days of Q3 2024, and ₹4.65 crore of disclosed penalty value against ₹24.44 crore.

Period complete. 92 days covered.

Action records
145

108 in Q3 2024

Disclosed penalties
₹4.65 cr

₹24.44 cr in Q3 2024

Severe actions · S4–S5
40

46 · 42.6% previously

Orders in force
30

29 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
30 Sept1001
7 Oct12543
14 Oct13562
21 Oct10406
28 Oct7322
4 Nov12912
11 Nov9522
18 Nov17737
25 Nov12642
2 Dec9333
9 Dec13427
16 Dec13661
23 Dec10541
30 Dec7241

What Stood Out

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

01

More penalty actions came with a smaller typical amount

The number of monetary-penalty actions rose to 102 from 73 in Q3 2024, but the median fell to ₹1.6 lakh from ₹2.5 lakh. The largest disclosed penalty was ₹61.4 lakh, down from ₹5.93 crore.

02

Severe actions formed a smaller share of the total

There were 40 severe actions, or 27.6% of the total, compared with 46 and 42.6% in Q3 2024. The period included 7 cancellations and 1 supersession, against 8 cancellations and no supersession in Q3 2024.

03

Banks accounted for the largest share of the value decline

Disclosed penalty value fell from ₹24.44 crore to ₹4.65 crore, a decline of ₹19.79 crore. Banks accounted for 47.7% of that decline, with ₹1.99 crore in Q4 2024 against ₹11.43 crore in Q3 2024.

04

A payment-system operator lost its authorisation

RBI revoked the Certificate of Authorisation of UAE Exchange Centre LLC on 25 October 2024. No further factual reason is provided in the text.

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 penalty102 · 70.3%

    Previous 73 · 67.6%

  2. Business restriction30 · 20.7%

    Previous 27 · 25%

  3. Licence cancellation7 · 4.8%

    Previous 8 · 7.4%

  4. Action lifted4 · 2.8%
  5. Board supersession1 · 0.7%
  6. Cease & desist1 · 0.7%

Lifecycle

Fresh actions, extensions and withdrawals.

  1. Fresh action110 · 75.9%

    Previous 82 · 75.9%

  2. Extension31 · 21.4%

    Previous 26 · 24.1%

  3. Lifted / withdrawn4 · 2.8%

Entity types

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

  1. Co-operative bank125 · 86.2%

    Previous 78 · 72.2%

  2. NBFC13 · 9%

    Previous 20 · 18.5%

  3. Bank6 · 4.1%

    Previous 9 · 8.3%

  4. Payment entity1 · 0.7%

    Previous 1 · 0.9%

Why RBI acted

Overlapping themes; one action may carry several reasons.

  1. Reporting & disclosure73 · 50.3%

    Previous 58 · 53.7%

  2. Lending norms48 · 33.1%

    Previous 28 · 25.9%

  3. Governance & oversight36 · 24.8%

    Previous 20 · 18.5%

  4. KYC / AML31 · 21.4%

    Previous 24 · 22.2%

  5. Capital & exposure norms27 · 18.6%

    Previous 24 · 22.2%

  6. Customer protection20 · 13.8%

    Previous 22 · 20.4%

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

    RBI imposed the largest disclosed penalty, ₹61.4 lakh, on RBL Bank Limited for non-compliance with RBI directions on Know Your Customer requirements. The bank allegedly opened certain credit card accounts without obtaining a prescribed OVD and allotted multiple Customer Identification Codes instead of a UCIC for some customers.

    Read case briefRBI source

  4. RBI cancels the licence of The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali

    Highest severity, single entityS5 Severe
    30 Dec 2024licence cancellation

    The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali

    RBI cancelled the licence of The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali. The bank lacked adequate capital and earning prospects and failed to meet several statutory requirements under the Banking Regulation Act, 1949. RBI said its continuance was prejudicial to depositors and public interest.

    Read case briefRBI source

What It Cost

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

Median
₹1.55 L

Previous ₹2.5 L

Largest
₹61.4 L

Previous ₹5.93 cr

Top five
₹2.13 cr

Previous ₹14.44 cr

95th percentile
₹20 L

Previous ₹1.92 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₹1.99 cr₹11.43 cr47.7%
Co-operative bank₹2.11 cr₹7.84 cr29%
NBFC₹54.55 L₹4.74 cr21.2%
Payment entity₹0₹41.5 L2.1%

Entity Coverage

Declared
151
Names extracted
151
Canonical links
151
First seen
78

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

Some source records declare entities but contain no extracted names.

Orders Still in Force

Orders
30
Entities
30
Expiring next
29
Duplicate entity rows
0

Next expiry window: 1 Jan 2025–31 Mar 2025.