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 The Reserve Bank subsequently superseded the bank’s Board for a period of 12 months and appointed an Administrator and a Committee of Advisors (CoA) as announced vide Press Release dated October 07,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