Home › Circulars › https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63202

Suri Friends' Union Co-op Bank: RBI extends restrictive directions by 3 months

Not yet independently checked — please confirm with the official RBI source below
Source: Reserve Bank of India · Press Release prid 63202 · ~2 min read
Quick answerRBI has extended its supervisory directions on The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal, for three more months until October 22, 2026. The original six-month directive from July 2022 has been repeatedly extended; this extension does not imply RBI approval of the bank's financial health.
The rule, in the simplest words
How it plays out — a real example

Ravi, a compliance officer at a large co-operative bank in Kolkata, checks the RBI press release and notes that Suri Friends' Union Co-operative Bank remains under restrictions. He updates his credit risk report to flag any interbank exposure to that bank as high-risk and advises his treasury team to avoid new transactions until the directive is lifted.

What changed

RBI extended the existing Directions under Section 35A of the Banking Regulation Act, 1949, for The Suri Friends' Union Co-operative Bank Ltd. for a further three months, from July 22, 2026, to October 22, 2026. All other terms and conditions of the earlier directive remain unchanged.

What it means for you

The bank remains under RBI's restrictive framework, with all previously imposed terms unchanged; the extension does not imply RBI approval of its financial health.

What you must do

Who it affects

The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal, Depositors and account holders of the bank, Other co-operative banks and lenders with interbank exposure to this bank, RBI supervisory staff monitoring co-operative banks

❓ Common questions

Why did RBI extend the directions again?

RBI stated it is in public interest to extend the directive, but did not provide specific reasons. The extension does not mean RBI is satisfied with the bank's financial health.

What restrictions apply to the bank under these directions?

The original directive from July 2022 imposed restrictions; the current extension keeps all those terms unchanged. Typical restrictions include limits on deposit withdrawals, lending, and asset sales, but the exact terms are not detailed in this press release.

Can depositors withdraw money during this period?

The press release does not specify withdrawal limits. Depositors should check with the bank or refer to the original directive. RBI's extension does not guarantee normal operations.

🧰 Tools — save, print, templates & related
Topics: Co-operative Banks
🛠 Banker’s toolkit — checklists & reply templates →
Key dataSee the live numbers behind this topic: RBI Penalty Tracker, NPA / Asset-Quality Tracker — updated from official RBI data.
Key termsPlain-English definitions of terms in this circular — see the full Indian banking glossary. KYC / AML · Gross NPA (GNPA) · Deposit insurance (DICGC) · Scheduled Commercial Bank (SCB)
Related circulars · Department of Regulation
RCB Customer Liability Limits for Unauthorised EBTs RevisedUCB Customer Liability Limits for Unauthorised EBTs RevisedRBI Tightens Agency and Referral Rules for Small Finance BanksRBI Tightens RRB Third-Party Product RulesRBI Tightens Payments Banks' Third-Party Product Rules
Browse all departments →
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal, Depositors and account holders of the bank, Other co-operative banks and lenders with interbank exposure to this bank, RBI supervisory staff monitoring co-operative banks), your first concrete step on “Suri Friends' Union Co-op Bank: RBI extends restrictive directions by 3 months” is: “Review any exposure or transactions with The Suri Friends' Union Co-operative Bank Ltd. and assess credit risk.”.

  1. Circular: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63202 -- Suri Friends' Union Co-op Bank: RBI extends restrictive directions by 3 months
  2. Issued: 21 Jul 2026, 11:18 IST
  3. Action required: Review any exposure or transactions with The Suri Friends' Union Co-operative Bank Ltd. and assess credit risk.
  4. Action required: Monitor RBI's future updates on this bank; the directive is subject to review before October 22, 2026.
  5. Action required: Ensure compliance with any RBI restrictions if your institution has correspondent or interbank relationships with this bank.
  6. Action required: Advise customers or members about the bank's regulatory status without implying RBI endorsement.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…
BankPulse Compliance Evidence Pack — generated 21 Jul 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63202 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert review panel. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
—