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.
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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.
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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.
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All other terms and conditions of the Directive under reference shall remain
unchanged.
(Brij Raj)
Press Release: 2026-2027/724 Chief General Manager
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