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
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 vide Directive No. CO.DOS.SED.No.S2574/12-07-005/2022-23 dated July 21, 2022 for a period of six months up to close of business on January 22, 2023, which were last extended up to close of business on October…
The Reserve Bank of India has extended the period of operation of a directive issued to The Suri Friends’ Union Co-operative Bank Ltd., located in Suri, West Bengal. The directive, which was initially set to expire on October 22, 2026, has now been extended for an additional three months, until January 22, 2027. This extension was made following a review by the Reserve Bank of India, which determined that it is in the public interest to prolong the directive's validity.
The decision to extend the directive does not reflect the Reserve Bank's assessment of the bank's financial standing. Other terms and conditions outlined in the directive remain unchanged.
Brief written by urgent.news from Reserve Bank of India's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
