Date: 2025-10-22Category: Not ApplicableState: Union GovernmentCountry: India
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
RBI has extended Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, applicable to Co-operative Societies, for The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal. The original directive, CO.DOS.SED.No.S2574/12-07-005/2022-23 dated July 21, 2022, was for six months up to January 22, 2023, and was subsequently extended to October 22, 2025 via Directive DOR.MON.D-21/12.29.046/2025-26 dated July 17, 2025. The extension is for three months, from October 22, 2025, to the close of business on January 22, 2026, subject to review. All other terms and conditions of the Directive remain unchanged. Press Release: 2025-2026/1356. Contact: helpdoc@rbi.org.in, Phone: 022 - 2266 0502.
Key Entities Referenced
Section 35A read with Section 56 of the Banking Regulation Act, 1949: Legal basis for the directions issued to the bank, essential to understanding the source of authority
The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal: The specific cooperative bank to which the directions apply, essential for determining scope
Reserve Bank of India: The issuing authority of the directions
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
October 22, 2025
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 October 22, 2025 vide Directive DOR.MON.D-21/12.29.046/2025-26
dated July 17, 2025. 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 October 22, 2025.
2. 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 October 22, 2025 to the close of business on January 22, 2026, subject
to review.
3. All other terms and conditions of the Directive under reference shall remain
unchanged.
(Brij Raj)
Press Release: 2025-2026/1356 Chief General Manager