Date: 2026-01-23Category: Not ApplicableState: Union GovernmentCountry: India
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
On January 23, 2026, the Reserve Bank of India (RBI) issued a press release regarding the extension of directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for The Irinjalakuda Town Co-operative Bank Ltd., Kerala. The RBI had previously issued directions via Directive No. CO.DOS.SED.No.D-01/12-22-350/2025-2026 dated July 29, 2025, for six months up to the close of business on January 30, 2026. In the public interest, the RBI has extended the directive for a further three months, from January 30, 2026, to April 30, 2026, subject to review. The extension should not be construed as the RBI being satisfied with the bank's financial position, and other terms and conditions of the original directive remain unchanged. The Press Release number is 2025-2026/1981. Brij Raj, Chief General Manager, is the contact person. The RBI's website is www.rbi.org.in, and the email address is helpdoc@rbi.org.in. The Department of Communication is located at Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. The phone number is 022-22660502.
Key Entities Referenced
Banking Regulation Act, 1949: The primary law under which the directions are issued.
Section 35A: Section of the Banking Regulation Act, 1949 under which directions are issued.
Section 56: Section of the Banking Regulation Act, 1949 related to the Cooperative Banks.
Reserve Bank of India: The issuer of the directive extending restrictions.
The Irinjalakuda Town Co-operative Bank Ltd., Kerala: The bank subject to the directions under the Banking Regulation Act.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
January 23, 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.
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
January 30, 2026.
2. 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 January 30, 2026, to close of business on April 30, 2026, subject to
review.
3. 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.
4. Other terms and conditions of the Directive under reference, shall remain
unchanged.
(Brij Raj)
Press Release: 2025-2026/1981 Chief General Manager