RBI launches Mission SAKSHAM

Why in the News?
The Reserve Bank of India has launched Mission SAKSHAM to strengthen the Urban Co-operative Banking (UCB) sector through large-scale capacity building.

About Mission SAKSHAM
Mission SAKSHAM is a mission-mode, nationwide training initiative aimed at enhancing managerial, operational, and compliance capabilities of Urban Co-operative Banks. It seeks to improve governance standards and build institutional resilience across the sector.

Key Features

• Covers around 1.4 crore participants across India.
• Includes both in-person training and e-learning modules.
• Targets board members, senior management, and risk management heads.
• Provides training content in regional languages to ensure wider accessibility.

Objectives
The initiative aims to improve compliance culture, strengthen risk management practices, and enhance overall efficiency in UCBs. It also seeks to create a sustainable ecosystem that supports long-term stability and growth of the sector.

Significance
Urban Co-operative Banks play a crucial role in financial inclusion, especially for small borrowers and local communities. Strengthening their capacity will improve trust, governance, and their ability to withstand financial stress.

Source: AIR