The Reserve Bank of India (RBI) has appointed Gopi Krishnan C R, former General Manager of Indian Bank, as the new Administrator of Irinjalakuda Town Co-operative Bank Ltd, Kerala, with effect from March 23, 2026.

The appointment follows the resignation of the current Administrator, Raju S Nair, who expressed his inability to continue in the role due to personal reasons.

The RBI had earlier imposed All Inclusive Directions (AID) on the bank on July 30, 2025, and subsequently superseded its Board for a period of 12 months, appointing an Administrator along with a Committee of Advisors (CoA).

The central bank clarified that there is no change in the existing Committee of Advisors. It also stated that it is closely monitoring the situation and will take necessary steps to safeguard the interests of the bank’s depositors.