MUMBAI, India, March 23 -- Reserve Bank of India issued the following press release:
Reserve Bank of India had onJuly 30, 2025, imposed All Inclusive Directions (AID) on Irinjalakuda Town Co-operative Bank Ltd. The Reserve Bank subsequently superseded the bank's Board for a period of 12 months and appointed an Administrator and a Committee of Advisors (CoA) as announced videPress Release dated October 07, 2025 and vide Press Release dated November 13, 2025.
The present Administrator Shri Raju S Nair has expressed his inability to continue as the Administrator due to personal reasons. Accordingly, it has been decided to appoint Shri Gopi Krishnan C R, Former General Manager, Indian Bank with effect from March 23, 2026.
There is no change ...