RBI extended the operational directive for Irinjalakuda Town Co-operative Bank until July 30 2026, adding a three‑month period to support its ongoing restructuring efforts.
The original directive, issued July 29 2025, was first extended to April 30 2026 before this latest three‑month extension to provide additional regulatory relief.
RBI clarified the extension does not imply satisfaction with the bank’s financial position, and all other terms remain unchanged.
The move may affect liquidity conditions for cooperative banks and could influence market perception of the sector’s stability.