Reserve Bank of India has appointed a new Administrator for Irinjalakuda Town Co-operative Bank Limited, Kerala, as part of its ongoing regulatory oversight of the bank.
The central bank had earlier imposed All Inclusive Directions (AID) on July 30, 2025, citing supervisory concerns. Subsequently, the bank’s Board was superseded for a period of 12 months, and an Administrator along with a Committee of Advisors (CoA) was appointed through press releases issued on October 7, 2025, and November 13, 2025.
The existing Administrator, Raju S Nair, has stepped down from his role citing personal reasons. In his place, the RBI has appointed Gopi Krishnan C R, former General Manager of Indian Bank, as the new Administrator with effect from March 23, 2026.
The RBI clarified that there will be no change in the existing Committee of Advisors assisting the Administrator.
Reaffirming its commitment to safeguarding depositor interests, the Reserve Bank stated that it is closely monitoring developments at the bank and will continue to take necessary steps to ensure financial stability and proper governance.