# RBI extends restrictions on Kerala's Irinjalakuda Town Co-operative Bank till January 30, 2027

URL: https://kasba.co.in/en/story/rbi-extends-restrictions-on-kerala-s-irinjalakuda-town-co-op
Language: en · Section: Money · Published: 2026-10-30
Source: RBI, "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", 2026-10-29, https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63881

The Reserve Bank of India on October 29, 2026 extended its directions on The Irinjalakuda Town Co-operative Bank Ltd., Kerala, by three months, up to close of business on January 30, 2027. The decision directly concerns this bank's customers; it does not affect ordinary people elsewhere.

## What this means for you

This applies only to The Irinjalakuda Town Co-operative Bank in Kerala. If you do not bank with it, you do not need to do anything. Customers of this bank should check with their branch or RBI's notice to know what rules apply to their deposits and withdrawals.

## Key facts

- RBI first placed the bank under directions on July 29, 2025, for six months.
- The directions were earlier extended up to January 30, 2026, and then up to October 30, 2026.
- They are now extended for three more months, up to January 30, 2027.
- RBI said the extension does not mean it is satisfied with the bank's financial position.
- Other terms and conditions of the directions remain unchanged.

## What has happened

The Reserve Bank of India (RBI) has extended the directions in force on The Irinjalakuda Town Co-operative Bank Ltd., Kerala. In its notice dated October 29, 2026, RBI said the directions will now continue for three more months after October 30, 2026, that is, up to close of business on January 30, 2027.

## What happened earlier

RBI first issued directions to the bank on July 29, 2025, for six months. These were later extended up to January 30, 2026, and then up to October 30, 2026, through a directive dated July 21, 2026. The period has now been extended once again.

## What RBI said

RBI said it was satisfied that extending the directions further was necessary in the public interest. It also stated clearly that the extension should not be taken to mean that it is satisfied with the bank's financial position. The other terms and conditions of the directions remain unchanged.

## Who is affected

This decision concerns only this co-operative bank. It does not directly affect other banks or ordinary people in general. Customers of this bank can check with their branch or RBI's notice to understand what rules apply to their deposits and withdrawals.

## Questions and answers

**How long will the RBI restrictions on Irinjalakuda Town Co-operative Bank last?**
Until January 30, 2027. RBI extended the period by three months on October 29, 2026.

**Does this apply to all banks?**
No, it applies only to The Irinjalakuda Town Co-operative Bank Ltd., Kerala. Other banks are not affected.

**Why did RBI extend the directions?**
RBI said the extension was necessary in the public interest. It also made clear that the extension does not mean it is satisfied with the bank's financial position.

**Have the conditions of the restrictions changed?**
No. According to RBI, the other terms and conditions remain unchanged; only the period has been extended.

**Where can customers of this bank get information?**
Customers can get information from their bank branch or from RBI's notice.

Kasba Desk, Kasba. This routine notice was drafted with AI from an official source and published automatically; an editor reviews it after publishing.