New Delhi, April 28 -- The Reserve Bank of India on Tuesday launched Mission SAKSHAM (Sahkari Bank Kshamta Nirman), a dedicated initiative designed to strengthen the Urban Co-operative Banking (UCB) sector through a nationwide capacity-building training program. The project represents a mission-mode effort to enhance the professional competencies of personnel across the sector.

The RBI announced that the Governor officially introduced the initiative today, marking a continuation of ongoing regulatory and supervisory measures intended to support the UCB landscape. According to an official release from the RBI, the mission was developed following extensive consultations with the Umbrella Organisation of UCBs along with various National and...