In a major push to strengthen the Urban Cooperative Banking (UCB) sector, the Reserve Bank of India has launched Mission SAKSHAM, a nationwide capacity-building initiative aimed at making cooperative banks more capable, resilient, and future-ready.
Unveiled by RBI Governor Sanjay Malhotra on Tuesday, the mission will train around 1.4 lakh participants across the country.
The programme targets key stakeholders including board members, senior management, and officials handling risk, compliance, audit, and IT functions, areas critical to the stability of cooperative banks.
Under this mission-mode initiative, RBI will roll out a mix of in-person training sessions and e-learning modules, with a strong focus on accessibility through regional languages. The programme has been designed in collaboration with cooperative federations and the sector’s umbrella organisation, ensuring it addresses real on-ground challenges.
Mission SAKSHAM aims to upgrade managerial skills, improve compliance standards, and build institutional resilience across UCBs. More importantly, it seeks to create a continuous learning ecosystem, laying the foundation for long-term stability and sustainable growth in the cooperative banking sector.
With this move, RBI signals a clear intent, stronger people, stronger systems, stronger cooperative banks.