{
  "id": 16041440,
  "title": "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",
  "url": "https://urgent.news/2026/10/22/directions-under-section-35a-read-with-section-56-of-the-banking",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T12:22:53.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63845"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}