Case Brief
The Reserve Bank of India has withdrawn the Section 35A directions that were earlier imposed on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. Those directions, originally issued on March 28, 2014 and later extended/modified from time to time, were last extended up to January 6, 2018. The withdrawal takes effect from January 6, 2018, though the bank is stated to continue under operational instructions.
Action Snapshot
- Primary Impact
- Lifted
- Entity Type
- Co-operative bank
- Location
- Suri, West Bengal
- Order Date