Case Brief
What Happened
The Reserve Bank of India has extended the existing Directions issued to The Irinjalakuda Town Co-operative Bank Ltd., Kerala under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive, dated July 29, 2025, had been valid up to close of business on January 30, 2026; RBI has now continued it for a further three months, until close of business on April 30, 2026, subject to review. The release states that the other terms and conditions of the directive remain unchanged and notes that the extension should not be read as RBI being satisfied with the bank's financial position.