RBI Extends Regulatory Directions for Irinjalakuda Co-operative Bank
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The Reserve Bank of India had previously imposed regulatory directions on The Irinjalakuda Town Co-operative Bank Ltd. in Kerala. On October 29, 2026, the Reserve Bank of India announced that it would extend the directions for another three months, from the close of business on October 30, 2026, through the close of business on January 30, 2027, and that the decision is subject to review. The Reserve Bank of India also clarified that the extension does not represent its endorsement of the bank’s financial position, while the other terms of the original regulatory directions remain unchanged.
AI-written from reports · updated 1 hour ago
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- Reserve Bank of India — Press releasesReserve Bank of India extends regulatory directions on Kerala-based The Irinjalakuda Town Co-operative Bank Ltd. to January 30, 2027
Reserve Bank of India has extended the regulatory directions on Kerala-based The Irinjalakuda Town Co-operative Bank Ltd. for another three months, from the close of business on October 30, 2026, to the close of business on January 30, 2027, subject to review. The extension does not imply that Reserve Bank of India endorses the bank’s financial position; all other terms of the original directions remain unchanged.
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