The Reserve Bank of India has extended the Directions imposed on the Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal, for a further period of three months, from April 22, 2026 to July 22, 2026.
The Directions were originally issued on July 21, 2022 under Section 35A read with Section 56 of the Banking Regulation Act, 1949, and have been periodically extended since then. The latest extension follows the expiry of the previous deadline on April 22, 2026.
According to RBI, the decision has been taken in public interest, and the restrictions will continue to remain in force during the extended period, subject to further review.
The central bank clarified that this extension or any modification should not be interpreted as an indication of satisfaction with the bank’s financial health.
All other terms and conditions of the existing Directions remain unchanged, and the bank will continue to operate under the regulatory framework already prescribed by RBI.
