Reserve Bank of India (RBI) launches Mission SAKSHAM for Urban Cooperative Banking sector

Key facts

• Reserve Bank of India (RBI) Governor Sanjay Malhotra launched Mission SAKSHAM for the capacity-building of the Urban Cooperative Banking (UCB) sector.
• Mission SAKSHAM aims to conduct training programmes for approximately 1.40 lakh participants.
• The target groups for the training include board members, senior management, heads of risk, compliance and audit functions, and employees working in IT functions and other critical areas.
• The RBI shall endeavour to deliver the training content in regional languages to the extent feasible.
• The mission was designed in consultation with the National/State Cooperative Federations and the Umbrella Organisation of UCBs.
• The initiative is expected to enhance managerial and operational capabilities, improve compliance culture, and strengthen institutional resilience across UCBs.