Case Brief
The Reserve Bank of India has extended the operative period of its existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directive, earlier extended up to close of business on October 22, 2026, is now extended further for three months up to close of business on January 22, 2027, subject to review. The RBI notes that the extension should not be construed as satisfaction with the bank’s financial position, and that all other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Suri, West Bengal