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The Reserve Bank of India has launched Mission SAKSHAM, a capacity-building initiative aimed at strengthening the urban cooperative banking (UCB) sector. The programme will cover around 1.40 lakh participants across board members, senior management, and key functional roles through structured training modules. Designed in consultation with sector bodies, the initiative seeks to improve governance standards, compliance culture, and operational resilience. The move comes amid ongoing regulatory efforts to stabilise and modernise the UCB segment, which plays a key role in credit delivery across urban and semi-urban markets, including real estate-linked lending.
The Reserve Bank of India (RBI) has launched Mission SAKSHAM, a nationwide capacity-building initiative for the urban cooperative banking (UCB) sector, aimed at enhancing governance standards, operational efficiency, and institutional resilience across these entities. Advertisement
The initiative, introduced by RBI Governor Sanjay Malhotra in the past week, is part of the central bank’s broader efforts to strengthen the regulatory and supervisory framework governing UCBs. The programme is designed to address skill gaps and improve oversight across various levels of banking operations.
Under Mission SAKSHAM, the RBI plans to conduct a series of structured training programmes targeting approximately 1.40 lakh participants. The coverage will include board members, senior management personnel, and heads of key functions such as risk management, compliance, audit, and information technology, along with employees involved in critical operational areas.
The training modules are intended to enhance managerial capabilities and promote a stronger compliance culture within UCBs. The RBI indicated that the programmes will focus on improving internal controls, risk assessment practices, and governance mechanisms, which are essential for maintaining financial stability within the sector.
To ensure wider accessibility, the central bank stated that efforts will be made to deliver training content in regional languages wherever feasible. This approach is aimed at increasing participation and improving comprehension across diverse geographic regions where UCBs operate.
Mission SAKSHAM has been developed in consultation with the umbrella organisation representing UCBs, as well as national and state-level cooperative federations. The collaborative framework is expected to facilitate alignment between regulatory expectations and operational practices within the sector.
The RBI noted that the initiative is expected to create a sustainable ecosystem for continuous learning within UCBs, enabling institutions to adapt to evolving regulatory requirements and market conditions. Strengthening institutional capacity is seen as a critical step in improving the overall health of the cooperative banking segment.
Urban cooperative banks play an important role in providing credit to small businesses, housing, and local economic activities, particularly in urban and semi-urban areas. Enhancing their operational and governance standards is considered essential for ensuring systemic stability and supporting economic growth.
The launch of Mission SAKSHAM reflects the RBI’s continued focus on reinforcing the UCB sector through targeted interventions, capacity development, and improved regulatory oversight.
Source - PTI
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