REGULATING CO-OPERATIVE BANKING

This role is, perhaps, the most unheralded aspect of our activities, yet it remains among the most critical. This includes ensuring credit availability to the productive sectors of the economy, establishing institutions designed to build the country's financial infrastructure, expanding access to affordable financial services and promoting financial education and literacy.

Press Release


PDF - Reserve Bank of India reconstitutes the Committee of Advisors of Irinjalakuda Town Co-operative Bank Ltd ()
Date : Nov 13, 2025
Reserve Bank of India reconstitutes the Committee of Advisors of Irinjalakuda Town Co-operative Bank Ltd

Reserve Bank of India had on July 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 The Reserve Bank subsequently superseded the bank’s Board for a period of 12 months and appointed an Administrator and a Committee of Advisors (CoA) as announced vide Press Release dated October 07, 2025.

Shri T.A. Mohammed Sageer, Member of CoA, has expressed his inability to continue as a Member of the CoA due to personal reasons. Accordingly, it has been decided to reconstitute the CoA to the Administrator effective from November 13, 2025. The CoA shall now consist of

  1. Shri Mohanan K, former Deputy General Manager, South Indian Bank; and

  2. Shri Mohan T M, former General Manager, South Indian Bank

There is no change in the Administrator (Shri Raju S Nair). The Reserve Bank is closely monitoring the developments and shall continue to take necessary steps in the interest of the depositors of the bank.

(Brij Raj)           
Chief General Manager

Press Release: 2025-2026/1498

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