Reserve Bank extends its directions on The Suri Friends' Union Co-operative Bank by three months
22 October 2026
The Reserve Bank of India announced on 22 October 2026 that the directions issued to The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal have been extended for a further period of three months. The extension runs from the close of business on 22 October 2026 to the close of business on 22 January 2027, subject to review. The directions were issued under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949. All other terms and conditions of the directions remain unchanged. The Reserve Bank stated that the extension should not by itself be construed to imply that it is satisfied with the financial position of the bank.
Extension period:
Three months, to 22 January 2027
Provision used:
Section 35A read with Section 56, Banking Regulation Act, 1949
Why it matters for exams: Section 35A of the Banking Regulation Act, 1949 is the provision the Reserve Bank uses to issue such directions, and is regularly tested in bank examinations.
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