The Karnataka High Court has extended interim relief to the state’s UCB Federation, halting enforcement of RBI’s new 10-year director tenure cap. Why does this matter? Because it’s not just about bank boards; it’s a constitutional tug-of-war over who controls cooperative institutions: the Centre or the States. The Federation argues that cooperatives fall under state jurisdiction (Entry 32, List II). If they win, it could upend RBI’s oversight of UCBs nationwide; especially as Maharashtra’s courts watch closely. This isn’t just legal jargon; it’s a battle over power, governance, and financial autonomy that could reshape how cooperative banks operate long-term.