Case Brief
The Reserve Bank of India has extended the operation of its existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Irinjalakuda Town Co-operative Bank Ltd., Kerala. The earlier directive, originally issued on July 29, 2025, had been last extended up to October 30, 2026; this latest order extends it for another three months, up to close of business on January 30, 2027, subject to review. RBI clarifies that the extension and/or modification should not be taken to imply satisfaction with the bank's financial position, and that all other terms and conditions remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Irinjalakuda, Kerala