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. The original directives were issued for a period of six months up to January 22, 2023, and were later extended until October 22, 2024. However, the RBI has decided to further extend the period of operation beyond close of business on October 22, 2024. As per the RBI's exercise of powers under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, the new extension period is for a further three months from the close of business on October 22, 2024, to January 22, 2025. All other terms and conditions of the original directive remain unchanged.