India, Oct. 29 -- The Reserve Bank of India (RBI) has extended the Directions imposed on The Irinjalakuda Town Co-operative Bank Ltd., Kerala, for a further period of three months, until the close of business on January 30, 2027.
The RBI had initially issued the Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, on July 29, 2025, for six months until January 30, 2026. The restrictions were subsequently extended until October 30, 2026, through a directive dated July 21, 2026.
The latest extension has been issued under the same statutory provisions and will remain effective from the close of business on October 30, 2026, until the close of business on January 30, 2027, subject to review.
The RBI clarifie...