Case Brief
What Happened
The Reserve Bank of India extended the operation of its existing directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against The Karwar Urban Co-operative Bank Ltd., Karwar. The extension runs from close of business on March 12, 2025 to close of business on June 12, 2025, subject to review, and all other terms and conditions of the directive remain unchanged. The release does not state the underlying operational restrictions in this text, only that the earlier directive continues.