# RBI extends restrictions on Suri Friends' Union Co-operative Bank till January 22, 2027

URL: https://kasba.co.in/en/story/rbi-extends-restrictions-on-suri-friends-union-co-operative
Language: en · Section: Money · Published: 2026-10-24
Source: RBI, "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal – Extension of period", 2026-10-22, https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63845

On October 22, 2026, the RBI extended its directions on The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal by three months, up to close of business on January 22, 2027. The change mainly concerns the bank's customers, for whom the existing terms continue.

## What this means for you

This decision directly concerns customers of this bank. If you hold an account there, the conditions of the directions stay the same as before, so check with the branch or the RBI's press release to know what banking services are allowed. For the general public, there is no direct effect.

## Key facts

- The RBI first issued the directions on July 21, 2022, for six months.
- That period ran up to close of business on January 22, 2023, and was extended later.
- A directive dated July 14, 2026 had extended it up to October 22, 2026.
- It is now extended by three months, up to January 22, 2027, subject to review.
- The RBI said the extension does not mean it is satisfied with the bank's financial position.

## What has happened

The Reserve Bank of India (RBI) has extended its directions on The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal. The directions will now continue for three more months, from close of business on October 22, 2026 to close of business on January 22, 2027. The RBI said this in a press release dated October 22, 2026.

## When did the directions begin

The RBI issued the directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The first directive came on July 21, 2022, for six months, up to close of business on January 22, 2023. It was extended from time to time. A directive dated July 14, 2026 had extended the period up to close of business on October 22, 2026.

## What has changed now

The RBI said it was satisfied that, in the public interest, the directions needed to continue beyond October 22, 2026. It has therefore extended them for a further three months, up to close of business on January 22, 2027, subject to review. All other terms and conditions of the directive remain unchanged.

## What the RBI clarified

The RBI also stated that the extension should not by itself be taken to mean that it is satisfied with the bank's financial position. In other words, the extension is not a comment on the bank's financial health.

## Who is affected

The decision mainly concerns the bank's customers and account holders, for whom the existing conditions continue as before. There is no direct effect on the general public.

## What to do next

If you have an account with this bank, ask your branch what services are allowed under the directions. You can also read the RBI's press release on its website for reliable information.

## Questions and answers

**How long will the restrictions on Suri Friends' Union Co-operative Bank last?**
Up to close of business on January 22, 2027. The RBI extended the period by three months from October 22, 2026, subject to review.

**Are there any new conditions for the bank's customers?**
No, all other terms and conditions of the earlier directive remain unchanged. The RBI has only extended the period.

**Has the RBI said it is satisfied with the bank's financial position?**
No. The RBI stated clearly that the extension should not be taken to mean it is satisfied with the bank's financial position.

**Under which law were these directions issued?**
Under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The RBI said it took the step in the public interest.

Kasba Desk, Kasba. This story was drafted with AI from an official notice and checked by an editor before publishing.