02-Sep-2026      14:02

RBI Deputy emphasizes stronger Governance and institutional capacity in Urban Co-operative banks

Reserve Bank of India Deputy Governor Swaminathan J emphasized the need for stronger governance and institutional capacity in Urban Co-operative banks. He called for closer coordination between the RBI and the Conference of Registrars of Cooperative Societies and timely action. He mentioned strengthening controls against cyber-enabled frauds and money-mule accounts, referencing Mission SAKSHAM for capacity building.

News source: Capital Market - Live News