Conference for Registrars of Cooperative Societies held at Reserve Bank of India, New Delhi on September 1, 2026
Distilled Policy Brief
- The Reserve Bank of India (RBI) hosted the Third Conference of Registrars of Cooperative Societies (RCSs) in New Delhi on September 1, 2026.
- The conference stressed strengthening governance, controls against cyber-enabled frauds and money-mule accounts, and capacity building in Urban Cooperative Banks (UCBs) through Mission SAKSHAM.
- Key discussions focused on professionalising UCB boards, technology adoption, timely resolution of weak UCBs, and meeting expectations of the RBI and Deposit Insurance and Credit Guarantee Corporation (DICGC).
🎯 Prelims High-Yield Examination Points
Note the role of Mission SAKSHAM as a capacity-building initiative for the cooperative banking sector, along with regulatory oversight by the RBI and DICGC.
⚖️ Mains Analytical & Syllabus Linkages
Discuss the governance and regulatory challenges facing Urban Cooperative Banks (UCBs) in India, and highlight the significance of professionalisation and RBI-RCS coordination in safeguarding depositor interests.
🎯 UPSC Prelims Practice Drill
With reference to the regulatory priorities and initiatives for Urban Cooperative Banks (UCBs), consider the following statements: 1. 'Mission SAKSHAM' is an initiative aimed at capacity building within the Urban Cooperative Banking sector. 2. Strengthening internal controls against money-mule accounts and cyber-enabled frauds is a key supervisory focus for UCBs. 3. Discussions regarding the timely resolution and liquidation of weak UCBs involve supervisory expectations of both the Reserve Bank of India (RBI) and the Deposit Insurance and Credit Guarantee Corporation (DICGC). Which of the statements given above are correct?
- [A] 1 and 2 only
- [B] 2 and 3 only
- [C] 1 and 3 only
- [D] 1, 2 and 3
▶ Reveal Official Answer & Analytical Explanation
All three statements are correct. 'Mission SAKSHAM' was referred to by the RBI as an initiative focused on capacity building in the UCB sector. The RBI emphasized strengthening institutional controls against cyber-enabled frauds and money-mule accounts. Additionally, discussions on governance and weak bank resolutions encompassed expectations from both the RBI and the DICGC.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.