RBI press-release 2026-2027/724 · 21 Jul 2026
Official title
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal – Extension of period
Summary
Check the official recordThe Reserve Bank of India has extended the operational period of the existing regulatory directions imposed on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. Originally issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, these directions were previously extended until July 22, 2026. The Reserve Bank has now extended these measures for an additional three months, effective from the close of business on July 22, 2026, until October 22, 2026, subject to further review. The extension does not indicate an improvement in the bank's financial position, and all other terms and conditions of the original directive remain unchanged.
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Key dates
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July 21, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal – Extension of period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal vide Directive No. CO.DOS.SED.No.S2574/12-07-005/2022- 23 dated July 21, 2022 for a period of six months up to close of business on January 22, 2023 as modified from time to time, which were last extended up to close of business on July 22, 2026 vide Directive DOR.MON.D-06/12.29.046/2026-27 dated April 16, 2026. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on July 22, 2026.
Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directions for a further period of three months from the close of business on July 22, 2026 to October 22, 2026, subject to review.
The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank.
All other terms and conditions of the Directive under reference shall remain unchanged.
(Brij Raj)
Press Release: 2026-2027/724 Chief General Manager ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय įरज़वर् बैंक
RESERVE BANK OF INDIA
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