The Reserve Bank of India (RBI) has extended the period of operation of Directions issued to the Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (as applicable to co-operative societies).
The original Directions were issued on July 21, 2022, for a period of six months, up to January 22, 2023, and were subsequently modified and extended multiple times. The last extension was valid up to October 22, 2025.
The RBI, after reviewing the matter, has stated that in the public interest, it is necessary to further extend the Directive.
Accordingly, the central bank has extended the Directions for an additional three months, from October 22, 2025, to January 22, 2026. The extension is subject to review, and all other terms and conditions of the earlier Directive remain unchanged.
