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(22/10/2026 20:09)

RBI extends directions on Suri Friends’ Union Co-operative Bank Till January 22, 2027

The Reserve Bank of India (RBI) has extended its Directions imposed on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal, for a further period of three months, until the close of business on January 22, 2027.

The Directions, originally issued on July 21, 2022, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, were previously extended until October 22, 2026. The latest extension will take effect from the close of business on October 22, 2026, and will remain subject to review.

The RBI stated that the extension was considered necessary in the public interest. It clarified that the extension or modification of the Directions should not be construed as an indication that the central bank is satisfied with the bank’s financial position.

All other terms and conditions of the existing Directions will remain unchanged.
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