Search

RBI Extends Directions for Suri Friends' Union Co-operative Bank Through July 2026

The Reserve Bank of India has extended regulatory directions issued to The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal for a further period of three months. The extension runs from close of business on April 22, 2026 to close of business on July 22, 2026. The original directions were issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The RBI explicitly notes that the extension should not be construed as satisfaction with the bank's financial position.

Fuel Surcharge Guidance and Multiple Regulatory Updates from Commerce Commission NZ

The Commerce Commission NZ published a collection of regulatory updates on 22 April 2026, including guidance on fuel surcharges, merger review statements, infrastructure approvals, and enforcement actions. The High Court imposed a $2.482 million penalty on Co-operative Bank for breaching the Credit Contracts and Consumer Finance Act 2003. The Commission proposed approving Transpower's $1.1386 billion capex allowance for Cook Strait cable replacement and approved Wellington Electricity's substation upgrade for central Wellington power supply protection. Multiple merger reviews remain ongoing.

Konark Urban Co-operative Bank Directive Extended to July 23, 2026

The Reserve Bank of India has extended restrictions imposed on The Konark Urban Co-operative Bank Ltd., Ulhasnagar for a further three months. The directive, originally issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, is now effective through close of business on July 23, 2026. All other terms and conditions of the original directive remain unchanged.