The Reserve Bank of India (RBI) has reconstituted the Committee of Advisors (CoA) appointed to assist the Administrator of Irinjalakuda Town Co-operative Bank Ltd., effective November 13, 2025.
Earlier, on July 30, 2025, the central bank had imposed All Inclusive Directions (AID) on the bank, restricting certain transactions in view of its financial position. Subsequently, on October 7, 2025, the RBI had superseded the bank’s Board for a period of 12 months and appointed an Administrator along with a Committee of Advisors.
Following the resignation of T.A. Mohammed Sageer, Member of the CoA, due to personal reasons, the RBI has now reconstituted the committee. The new CoA will comprise Mohanan K, former Deputy General Manager, South Indian Bank, and Mohan T M, former General Manager, South Indian Bank.
There is no change in the post of Administrator, with Raju S Nair continuing in the role. The RBI stated that it is closely monitoring the situation and will continue to take all necessary measures to safeguard the interests of the bank’s depositors.
