The Reserve Bank of India (RBI) has extended the period of regulatory directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, applicable to The Suri Friends’ Union Co-operative Bank Ltd., located in Suri, West Bengal. This extension was announced in an official press release by the RBI on July 21, 2026, continuing oversight measures for the bank.
The original directions were imposed to ensure the bank’s compliance with regulatory norms and to safeguard depositor interests. The RBI’s extension maintains the existing restrictions and supervisory framework for the bank, allowing additional time for corrective actions and operational improvements. The central bank’s move reflects its ongoing role in monitoring co-operative banks under the Banking Regulation Act, 1949.
This extension is part of RBI’s broader regulatory approach toward co-operative banks, which have faced challenges related to governance and financial health. Similar measures have been applied to other co-operative banks to strengthen their operations and protect the banking system’s stability. The RBI’s actions align with its mandate to ensure sound banking practices and financial discipline across all banking entities in India.
The RBI’s official press release detailing the extension of the period for these directions was published on its website on July 21, 2026, providing transparency on regulatory actions concerning The Suri Friends’ Union Co-operative Bank Ltd.