The Reserve Bank of India (RBI) launched Mission SAKSHAM, or Sahakari Bank Kshamta Nirman, on 28 April 2026 for Urban Cooperative Banks (UCBs). The nationwide initiative covers about 1.40 lakh participants across India and uses in-person and e-learning modules.
Mission SAKSHAM
Mission SAKSHAM is a capacity-building programme for UCBs. The RBI Governor, Sanjay Malhotra, launched the mission on Tuesday, 28 April 2026.
Training Coverage
The training programme covers board members, senior management, heads of risk, compliance and audit functions, and employees in information technology and other critical areas. The RBI plans to deliver course content in regional languages for wider accessibility.
Objectives of the Initiative
The mission aims to improve managerial and operational capabilities in UCBs. It also seeks to strengthen compliance culture and institutional resilience in the cooperative banking sector.
Consultation and Design
The RBI designed Mission SAKSHAM in consultation with the umbrella organisation of UCBs and national and state-level cooperative federations. The initiative was first announced during the monetary policy review on 6 February 2026.
Urban Cooperative Banks
Urban Cooperative Banks are cooperative financial institutions that operate in urban and semi-urban areas in India. They function under the regulatory framework of the Reserve Bank of India and the Banking Regulation Act, 1949.
Last Modified: April 29, 2026