{
  "id": 17060515,
  "title": "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Irinjalakuda Town Co-operative Bank Ltd., Kerala - Extension of period",
  "url": "https://urgent.news/2026/10/29/directions-under-section-35a-read-with-section-56-of-the-banking",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T12:42:51.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63881"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India has extended the period of the Directive under Section 35A read with Section 56 of the Banking Regulation Act, 1949 for The Irinjalakuda Town Co-operative Bank Ltd., Kerala. This extension was initially issued on July 29, 2025, with a six-month duration, ending on January 30, 2026. However, it was previously extended several times, with the last extension on July 21, 2026, to close of business on October 30, 2026. The Reserve Bank of India has now decided to further extend this period by three months, from October 30, 2026, to January 30, 2027. This extension is in the public interest and should not be interpreted as an assessment of the bank's financial health. All other terms and conditions of the Directive remain unchanged.",
  "summary": "The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Irinjalakuda Town Co-operative Bank Ltd., Kerala vide Directive No. CO.DOS.SED.No.D-01/12-22-350/2025-2026 dated July 29, 2025 for a period of six months up to close of business on January 30, 2026, which was last extended up to close of business on October 30, 2026 vide…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}