The Reserve Bank of India (RBI) introduced ‘Mission SAKSHAM’ on Tuesday, a nationwide initiative to enhance the Urban Cooperative Banking (UCB) sector through training programs. The mission, unveiled by the RBI Governor, aims to equip UCBs with the knowledge and tools needed to adapt to the changing financial landscape. This initiative is part of the RBI’s efforts to bolster regulatory frameworks in the sector.
Under ‘Mission SAKSHAM,’ the RBI plans to conduct numerous training programs, both in-person and through e-learning platforms, targeting approximately 1.40 lakh participants nationwide. The training will cover board members, senior management, risk, compliance, audit functions, and IT and operational staff. The RBI intends to provide training content in regional languages to ensure broader accessibility and comprehension.
The program, developed in consultation with UCB umbrella organizations and national and state cooperative federations, is expected to enhance managerial and operational efficiency in urban cooperative banks. It also aims to strengthen compliance practices and institutional resilience, fostering a culture of continuous learning for long-term stability and growth in the UCB sector.
