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
On October 22, 2025, the Reserve Bank of India (RBI) issued a press release regarding the extension of Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, applicable to co-operative societies. These directions pertain to The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal.
The initial Directions were issued on July 21, 2022, under Directive No. CO.DOS.SED.No.S2574/12-07-005/2022-23 for a period of six months, up to the close of business on January 22, 2023, and were subsequently modified and extended, most recently until October 22, 2025, via Directive DOR.MON.D-21/12.29.046/2025-26 dated July 17, 2025.
Given the public interest, the RBI has further extended the Directions for an additional three months, from the close of business on October 22, 2025, to the close of business on January 22, 2026, subject to review. All other terms and conditions of the original Directive remain unchanged.
The press release number is 2025-2026/1356. Brij Raj, Chief General Manager, is the contact person. The RBI's website is www.rbi.org.in and the email address is helpdoc@rbi.org.in. The phone number is 022-22660502. The RBI's central office is located at Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001.
Key Entities Referenced
Section 35A: Section of the Banking Regulation Act, 1949 that empowers the Reserve Bank of India to issue directions to banking companies.
Section 56 of the Banking Regulation Act, 1949: Section of the Banking Regulation Act, 1949 applicable to Co-operative Societies.
The Suri Friends' Union Co-operative Bank Ltd.: Co-operative bank in Suri, West Bengal, which is the subject of the directions issued by the Reserve Bank of India.
West Bengal: State where the Suri Friends' Union Co-operative Bank Ltd. is located and where the directions apply.
Reserve Bank of India: The central bank of India issuing directions under the Banking Regulation Act.
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