Irinjalakuda Town Co-operative Bank Administrator Appointment

RBI Press Releases

Published March 23rd, 2026

Detected March 24th, 2026

Summary

The Reserve Bank of India has appointed Shri Gopi Krishnan C R as the new Administrator for the Irinjalakuda Town Co-operative Bank Ltd., effective March 23, 2026. This appointment follows the previous administrator's resignation due to personal reasons. The bank remains under All Inclusive Directions imposed in July 2025.

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What changed

The Reserve Bank of India (RBI) has announced the appointment of Shri Gopi Krishnan C R as the new Administrator for the Irinjalakuda Town Co-operative Bank Ltd., effective March 23, 2026. This change occurs because the current administrator, Shri Raju S Nair, is unable to continue in the role for personal reasons. The bank has been under RBI's All Inclusive Directions since July 30, 2025, with its Board superseded and an Administrator and Committee of Advisors (CoA) appointed in October and November 2025, respectively.

While this is an administrative change within the ongoing RBI directive, compliance officers should note the continuity of the RBI's oversight and the bank's status under restrictive directions. There are no new compliance obligations imposed by this specific press release, but the underlying All Inclusive Directions remain in effect, requiring adherence to RBI's directives to protect depositors' interests. The Committee of Advisors remains unchanged.

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Press Releases

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| Date : Mar 23, 2026 | |
| Irinjalakuda Town Co-operative Bank Limited, Kerala – Appointment of a new Administrator | |
| | 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 The Reserve Bank subsequently superseded the bank’s Board for a period of 12 months and appointed an Administrator and a Committee of Advisors (CoA) as announced vide Press Release dated October 07,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 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 in the CoA to the Administrator as announced vide Press Release dated November 13, 2025.

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: 2025-2026/2313 | | 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 and vide Press Release dated November 13, 2025.

There is no change in the CoA to the Administrator as announced vide Press Release dated November 13, 2025.

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: 2025-2026/2313 |
| 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 and vide Press Release dated November 13, 2025.

There is no change in the CoA to the Administrator as announced vide Press Release dated November 13, 2025.

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: 2025-2026/2313 | |