RBI press-release 2026-2027/753 · 24 Jul 2026
Official title
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Irinjalakuda Town Co-operative Bank Ltd., Kerala - Extension of period
Summary
Check the official recordThe Reserve Bank of India has extended the validity of the regulatory directions imposed on The Irinjalakuda Town Co-operative Bank Ltd., Kerala. Originally issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, these directions were previously extended to July 30, 2026. The Reserve Bank has now extended the operation of these directions for a further period of three months, effective from the close of business on July 30, 2026, until the close of business on October 30, 2026, subject to review. All other terms and conditions of the original directive remain unchanged. This extension does not indicate the Reserve Bank's satisfaction with the bank's financial position.
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July 24, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Irinjalakuda Town Co-operative Bank Ltd., Kerala - Extension of period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Irinjalakuda Town Co-operative Bank Ltd., Kerala vide Directive No. CO.DOS.SED.No.D-01/12-22-350/2025-2026 dated July 29, 2025 for a period of six months up to close of business on January 30, 2026, which was last extended up to close of business on July 30, 2026 vide Directive No. DOR.MON.No.D-08/12.26.061/2026-27 dated April 21, 2026. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on July 30, 2026.
Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business on July 30, 2026, to close of business on October 30, 2026, subject to review.
The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank.
Other terms and conditions of the Directive under reference, shall remain unchanged.
(Brij Raj)
Press Release: 2026-2027/753 Chief General Manager ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
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