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The Suri Friends’ Union Co-operative Bank Ltd

Co-operative bankSuri, West Bengal

A source-linked record of 20 RBI actions, their timing, severity, and recurring regulatory themes.

At a Glance

Total actions
20
Total penalties
Rs 0
Latest action
21 Jul 2026

Enforcement Fingerprint

20 actions across 8 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Business restriction19
Action lifted1

Lifecycle Mix

Extension19
Lifted / withdrawn1

Severity Mix

S4 High19
S0 Lifted1

Source-linked record

Action History

20 linked actions

2026

3

Case brief

RBI has extended the existing directions on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal, for three more months. The directive now runs until October 22, 2026, subject to review.

Impact

The bank must continue operating under the existing RBI-imposed conditions until October 22, 2026, unless modified or withdrawn earlier. The restriction affects the bank and, indirectly, its customers and counterparties, because the underlying directions remain in force unchanged during the extension period.

Why RBI acted

Other

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Case brief

RBI has extended its existing Directions on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The restrictions now continue until close of business on July 22, 2026.

Impact

The bank remains subject to the same RBI-imposed operating conditions through July 22, 2026, subject to review. Customers, depositors, and counterparties continue to face the consequences of the existing restrictions, while the bank must operate within the unchanged terms of the directive.

Why RBI acted

Governance oversight

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Case brief

RBI has extended its existing directions on The Suri Friends’ Union Co-operative Bank Ltd. for three more months. The order remains in force until April 22, 2026, with no other changes.

Impact

The bank must continue complying with the existing RBI directions through April 22, 2026. The extension means the operational restrictions already in place remain binding on the bank, with no relief to depositors or other stakeholders until the directive is reviewed again.

Why RBI acted

Other

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

2025

4

Case brief

RBI extended the existing Section 35A directions on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directive now continues until close of business on January 22, 2026.

Impact

The bank must continue complying with the existing RBI directions through January 22, 2026, unless modified earlier on review. No new terms are introduced, but the restriction remains in force and continues to constrain the bank’s operations under the earlier directive.

Why RBI acted

Other

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Case brief

RBI has extended the existing directions on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal for another three months. The terms remain unchanged.

Impact

The bank must continue complying with the existing RBI directions for another three months, until close of business on October 22, 2025, unless revised earlier on review. Customers and counterparties remain subject to whatever operational constraints those directions impose, but no new terms are introduced in this release.

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Case brief

RBI extended the existing Section 35A read with Section 56 directions on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directive now runs until close of business on July 22, 2025.

Impact

The co-operative bank remains under RBI-imposed operating directions for the extended period and must continue complying with the existing conditions without change. Customers and depositors remain subject to whatever operational limits are contained in the underlying directive until the new expiry date, unless the RBI reviews and modifies it earlier.

Why RBI acted

Other

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Case brief

RBI extended its existing Section 35A directions for The Suri Friends’ Union Co-operative Bank Ltd. until April 22, 2025. The earlier terms continue unchanged.

Impact

The bank remains under the same RBI-imposed operating conditions for an additional three months, until close of business on April 22, 2025. Any depositors, customers, and counterparties continue to be subject to the existing restrictions and conditions in the directive, with no change to the underlying terms.

Why RBI acted

Other

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

2024

4

Case brief

RBI has extended its existing Section 35A directions against The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions now run until close of business on January 22, 2025.

Impact

The bank remains under the same RBI-imposed operating restrictions for the extended period and must continue to comply with all unchanged terms of the directive. The restriction stays in force until close of business on January 22, 2025, subject to review, affecting the bank’s ongoing operations and its customers accordingly.

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949
  • Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Case brief

RBI extended its existing Section 35A directions on The Suri Friends' Union Co-operative Bank Limited, Suri, for three more months. The bank continues to operate subject to the same restrictions.

Impact

The bank must continue operating under the existing RBI restrictions until the close of business on October 22, 2024, unless the directions are modified earlier. Depositors and other stakeholders remain subject to the bank’s restricted operating environment, and the RBI may review or further modify the directions depending on circumstances.

Why RBI acted

Governance oversightCapital & exposure norms

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Case brief

RBI extended the existing Section 35A directions on The Suri Friends' Union Co-operative Bank Limited for another three months. The bank will continue to operate under the same restrictions.

Impact

The bank must keep operating under the same RBI-imposed restrictions through July 22, 2024, subject to review. Depositors and counterparties remain affected by the restrictions, while the bank continues normal banking business only within the limits of the directive.

Why RBI acted

Other

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Case brief

RBI extended the Section 35A directions on The Suri Friends' Union Co-operative Bank Limited for another three months. The bank continues to function, but only under the same restrictions already in place.

Impact

The bank remains subject to the same RBI-imposed operating restrictions through April 22, 2024, unless further modified or withdrawn. Depositors, customers, and counterparties must continue to deal with the bank under the existing constraints.

Why RBI acted

Other

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

2023

2

Case brief

RBI extended the existing Section 35A directions on The Suri Friends' Union Co-operative Bank Limited for three more months. The bank will continue to operate under the same restrictions.

Impact

The bank remains under the same RBI-imposed operating restrictions through January 22, 2024, unless modified earlier on review. Depositors and other stakeholders continue to face a restricted banking environment, but the bank is not being shut down or licensed cancelled by this release.

Why RBI acted

Other

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Case brief

RBI extended the existing Section 35A directions on The Suri Friends' Union Co-operative Bank Limited for three more months. The bank will continue operating under the same restrictions.

Impact

The bank remains under RBI-imposed operating restrictions for the extended period and must continue complying with the unchanged conditions of the directive. Customers and counterparties are affected only to the extent of the existing restrictions; the release does not cancel the banking licence or lift the restraint.

Why RBI acted

Governance oversight

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Restrictions

Business Restriction

2018

1

Case brief

RBI withdrew its earlier Section 35A directions to The Suri Friends’ Union Co-operative Bank Ltd., effective January 6, 2018. The bank remains subject to operational instructions.

Impact

The prior Section 35A restrictions no longer apply from January 6, 2018. The bank may resume normal operations to the extent not covered by any continuing operational instructions, and customers are affected only by whatever residual instructions remain in force.

Regulatory basis

  • Section 35 A read with section 56 of the Banking Regulation Act, 1949
  • sub-section (2) of section 35A read with section 56 of the Banking Regulation Act, 1949

2017

2

Case brief

RBI extended the existing All-Inclusive Directions against The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The bank will continue operating with restrictions for another six months.

Impact

The bank remains subject to the same operational restrictions already in force, with the extension keeping those constraints effective through January 06, 2018 unless modified earlier. Depositors and counterparties continue to face the limitations associated with the directive; RBI may later modify the restrictions depending on circumstances.

Why RBI acted

Other

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

Restrictions

Business Restriction

Case brief

RBI extended its existing directions on The Suri Friends’ Union Co-operative Bank Ltd. for six more months, with partial relaxations and conditions. The bank continues to operate under withdrawal caps and related restrictions.

Impact

The bank remains under RBI operating restrictions for the extension period, including limits on depositor withdrawals and constraints on loan-related actions. Depositors, borrowers, and counterparties are affected by the continued conditions until July 06, 2017 or until RBI reviews the directive.

Why RBI acted

Capital & exposure normsGovernance oversightOther

Regulatory basis

  • section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)

Restrictions

Withdrawal CapSetoff RestrictionLoan Renewal Restriction

2016

2

Case brief

RBI extended the existing directions on The Suri Friends’ Union Co-operative Bank Ltd. for six more months. The bank continues to operate under restrictions on lending, deposits, investments and withdrawals.

Impact

The bank remains under RBI-imposed operational restrictions through January 06, 2017 unless modified earlier. This limits core banking activities and caps customer withdrawals, affecting depositors, borrowers, and counterparties; any relaxation would depend on RBI’s review and modification of the directions.

Why RBI acted

Capital & exposure normsOther

Regulatory basis

  • Section 35A(1) of the Banking Regulation Act, 1949
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Withdrawal CapLending RestrictionInvestment RestrictionLiability RestrictionDeposit RestrictionPayment RestrictionCompromise Or Arrangement RestrictionAsset Disposal Restriction

Case brief

RBI extended its Section 35A directions on The Suri Friends’ Union Co-operative Bank Ltd. until July 6, 2016. The bank continues to operate under tight restrictions, including a ₹1,000 withdrawal cap per account.

Impact

The bank must continue operating under RBI-imposed restrictions through July 6, 2016 unless modified earlier. Borrowing, lending, investment, fresh deposit-taking, payment disbursals, and asset disposals remain constrained, while depositors face a ₹1,000 withdrawal cap per account subject to conditions. The restrictions directly affect the bank, its customers, and counterparties dealing with it.

Why RBI acted

Capital & exposure normsLending normsCustomer protectionOther

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Lending RestrictionInvestment RestrictionLiability RestrictionDeposit Acceptance RestrictionPayment RestrictionCompromise Or Arrangement RestrictionAsset Disposal RestrictionWithdrawal Cap

2015

2

Case brief

RBI extended its existing directions on The Suri Friends’ Union Co-operative Bank Ltd. until January 6, 2016. The bank remains under broad operational restrictions, including limits on withdrawals.

Impact

The bank must continue operating under RBI-imposed restrictions through January 6, 2016 unless modified earlier. Customers remain affected by withdrawal limits, and the bank cannot expand lending, take fresh deposits freely, or undertake many liabilities and asset transactions without RBI approval.

Why RBI acted

Capital & exposure normsLicensing breach

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Lending RestrictionInvestment RestrictionLiability RestrictionDeposit Acceptance RestrictionPayment RestrictionCompromise RestrictionAsset Disposal RestrictionWithdrawal Cap

Case brief

RBI extended its Section 35A directions on The Suri Friends’ Union Cooperative Bank Limited for another six months. The bank remains under tight operational restrictions, including limits on lending, deposits, payments, and withdrawals.

Impact

The bank must continue operating under RBI-imposed restrictions through July 06, 2015 unless modified earlier by RBI. Its ability to lend, raise funds, accept fresh deposits, make payments, and dispose of assets remains constrained, and depositors can withdraw only within the specified limit of Rs 1,000 per account subject to conditions. RBI may later relax or modify the directions depending on circumstances.

Why RBI acted

Capital & exposure normsLicensing breach

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Withdrawal CapLending RestrictionInvestment RestrictionLiability RestrictionDeposit Acceptance RestrictionPayment RestrictionCompromise Or Arrangement RestrictionAsset Disposal Restriction