RBI governor launches Mission SAKSHAM for capacity-building of urban cooperative banking sector

Reserve Bank Governor Sanjay Malhotra on Tuesday launched the Mission SAKSHAM for capacity-building of the Urban Cooperative Banking (UCB) sector. The Reserve Bank of India (RBI) has been taking various regulatory and supervisory measures to support the UCB sector, the central bank said in a release. Under Mission SAKSHAM, a large number of training programmes would be conducted for UCBs, covering about 1.40 lakh participants, for various target groups, including board members, senior management, heads of risk, compliance and audit functions, and employees working in IT functions and other critical areas. ''The Reserve Bank shall endeavour to conduct these training programmes with content delivery in regional languages to the extent feasible,'' the release said. The Mission has been designed in consultation with the Umbrella Organisation of UCBs and the National/State Cooperative Federations. RBI said the Mission is expected to enhance managerial and operational capabilities, improve the compliance culture, and strengthen institutional resilience across UCBs. Mission SAKSHAM aims to establish a sustainable, self-reinforcing ecosystem for continuous learning, contributing significantly to systemic stability and healthy growth and development of the UCB sector.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)