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RBI's Mission SAKSHAM to Empower 1.4 Lakh Urban Cooperative Bank Staff

The Reserve Bank of India launched 'Mission SAKSHAM' to strengthen urban cooperative banks through training. The initiative targets 1.4 lakh participants including board members and staff. It focuses on enhancing managerial and operational efficiency while improving compliance culture. The mission aims to create a sustainable ecosystem for continuous learning in the sector.

Key Points: RBI Launches Mission SAKSHAM for Urban Cooperative Banks

  • RBI launches Mission SAKSHAM for urban cooperative banks
  • Aims to train 1.4 lakh participants nationwide
  • Includes board members, senior management, and IT staff
  • Focus on enhancing compliance, efficiency, and resilience
2 min read

RBI launches 'Mission SAKSHAM' to strengthen urban cooperative banks

RBI launches 'Mission SAKSHAM' to train 1.4 lakh urban cooperative bank staff, enhancing skills, compliance, and operational efficiency across India.

"Mission SAKSHAM aims to establish a sustainable, self-reinforcing ecosystem for continuous learning - RBI"

Mumbai, April 28

The Reserve Bank of India on Tuesday launched 'Mission SAKSHAM', a nationwide capacity-building initiative aimed at strengthening the Urban Cooperative Banking sector through structured training and skill development programmes.

Unveiled by the RBI Governor, the mission seeks to enhance the capabilities of urban cooperative banks by equipping their workforce and leadership with the necessary knowledge and tools to navigate an evolving financial landscape.

The initiative is part of the central bank's ongoing efforts to reinforce regulatory and supervisory frameworks in the sector.

Under Mission SAKSHAM -- derived from the Hindi word meaning "to make capable" -- the RBI plans to conduct a large number of training programmes, both in-person and through e-learning platforms, targeting around 1.40 lakh participants across the country.

The training will cater to a wide range of stakeholders, including board members, senior management, heads of risk, compliance and audit functions, as well as employees working in IT and other critical operational areas.

The central bank said it will strive to deliver training content in regional languages wherever feasible to ensure wider accessibility and better understanding among participants.

The programme has been designed in consultation with the umbrella organisation of UCBs and various national and state cooperative federations.

According to the RBI, the mission is expected to significantly improve managerial and operational efficiency within urban cooperative banks, while also strengthening compliance culture and institutional resilience.

It aims to create a sustainable ecosystem of continuous learning that supports the long-term stability and healthy growth of the UCB sector.

"The Mission is expected to enhance managerial and operational capabilities, improve the compliance culture, and strengthen institutional resilience across UCBs," the central bank said.

"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," it added.

- IANS

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Reader Comments

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Priya S
This is a much-needed step. Urban cooperative banks serve local communities and small businesses, but often lack modern risk management. Training 1.40 lakh people is ambitious—I hope they don't just do it in big cities but reach tier-2 and tier-3 towns too. That's where the real gap is.
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James A
India's cooperative banking sector is unique and important for financial inclusion. While this mission looks good on paper, the key will be execution. Cooperative banks often have political interference and legacy issues that training alone may not solve. Still, a positive move by RBI. Let's see if it translates into better governance.
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Suresh O
My local urban cooperative bank is very reliable, but I've heard stories about mismanagement in others. SAKSHAM sounds promising. However, I hope RBI also ensures strict follow-up after training—just conducting workshops won't change the culture overnight. Continuous monitoring is needed. 😊
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Amanda J
Interesting initiative. India's financial system has been strengthening, and cooperative banks need this kind of capacity building. The regional language component is crucial—many staff in smaller towns don't speak English well. Hope this leads to more transparency and fewer scams in the sector. 🙏
K
Kavya N
My father has been a depositor in a UCB for 30 years. These banks are the backbone of local savings, but many are run like family businesses. Mission SAKSHAM is welcome, but I wonder if RBI should also consider more regulatory teeth to prevent bad practices. Training alone might not be enough.

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