Date: 2026-01-22Category: 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 January 22, 2026, the Reserve Bank of India issued a press release regarding the extension of a directive issued 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. The original directive, CO.DOS.SED.No.S2574/12-07-005/2022-23, was issued on July 21, 2022, for six months until January 22, 2023, and was subsequently extended until January 22, 2026 vide Directive DOR.MON.D-36/12.29.046/2025-26 dated October 17, 2025. The RBI has extended the directive for a further period of three months, from January 22, 2026, to April 22, 2026, subject to review. All other terms and conditions of the original directive remain unchanged.
Contact information for the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 is 022 - 2266 0502. The RBI website is www.rbi.org.in, and the email address is helpdoc@rbi.org.in. The press release number is 2025-2026/1969. Brij Raj, Chief General Manager.
Key Entities Referenced
Banking Regulation Act, 1949: Indian law regulating the banking sector, sections 35A and 56 are relevant
Section 35A: Section of the Banking Regulation Act, 1949, used as the basis for issuing directions to banks
The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal: Co-operative bank subject to the directions issued by the Reserve Bank of India
Reserve Bank of India: India's central bank, issuing the directions
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
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
January 22, 2026
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 January 22, 2026 vide Directive DOR.MON.D-
36/12.29.046/2025-26 dated October 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 January 22, 2026.
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 Directive for a further period of three months from close of
business on January 22, 2026 to the close of business on April 22, 2026, subject to
review.
3. Other terms and conditions of the Directive under reference, shall remain
unchanged.
(Brij Raj)
Press Release: 2025-2026/1969 Chief General Manager