MUMBAI, India, Aug. 20 -- Reserve Bank of India issued the following speech:

Chairpersons, Directors, Managing Directors and Chief Executive Officers of Urban Co-operative Banks, colleagues from the Reserve Bank, distinguished participants, ladies and gentlemen. Good morning

2. It gives me great pleasure to be here with all of you today as part of Mission SAKSHAM. As the name suggests, SAKSHAM is about capability-about ensuring that our Urban Co-operative Banks, and the people who lead and manage them, are equipped to deal with the demands of banking today.

3. These demands have changed considerably. Customers today expect banking services to be available conveniently, quickly and increasingly through digital channels. They expect to be...