RBI initiates Mission SAKSHAM to Empower Urban Cooperative Banks.

• Better governance and independent boards.
• Implementation of risk-based supervision models.
• Increased application of technology and online systems.
• Cooperation via cooperative networks such as NUCFDC.

The vision in the long term will involve merging small banks, better management of liquidity and better security of depositors.

Why Mission SAKSHAM Matters.

The Urban Cooperative Banks are critical in serving the local communities, MSMEs and small borrowers. The development of their institutional capacity is essential in keeping up trust and financial inclusion.

Mission SAKSHAM is a strategic move towards:

• The modernisation of the cooperative banking sector.
• Enhancing the quality of services and efficiency.
• Promoting stability in a fast-changing financial ecosystem on a long-term basis.

Exam-Focused Points

• RBI started Mission SAKSHAM of Urban Cooperative Banks.
• Serves up to 1.40 lakh people in India .
• Key focus areas: governance, compliance, risk management, resilience .
• Board members, management, IT, audit, and compliance staff are all included in training.
• Delivered through hybrid (offline and online) mode , and with regional language support.
• Worked on in collaboration with NUCFDC and cooperative federations.
• UCBs controlled by RBI (banking) and state regulations (management).
• In line with the vision of RBI of modern and resilient banks that are tech-enabled.