- The Reserve Bank of India (RBI) held a capacity-building workshop on Thursday for Tier 3 and Tier 4 Urban Cooperative Banks (UCBs) in Gujarat, taking place at Le Meridien, Ramdev Nagar Cross Road, Ahmedabad.
- The full-day event saw participation from chairmen, directors, and senior management officials, including managing directors, as well as heads of audit, compliance, and credit from selected banks.
- The workshop kicked off with a warm welcome and a keynote address, followed by a panel discussion centered on the “Crucial Role of CEOs and Senior Management in UCBs – Way Forward.” The session was skillfully moderated by the CEO of Rajkot Nagrik Sahakari Bank.
- Panelists included the CEOs of The Kalupur Commercial Cooperative Bank, Ahmedabad Mercantile Cooperative Bank, Prime Cooperative Bank (Surat), and Varachha Cooperative Bank (Surat).
- RBI officials, including CGM Ranjish, DGM Nitin, and Majumdar, engaged with participants and shared valuable insights.
The Reserve Bank of India (RBI) held a capacity-building workshop on Thursday for Tier 3 and Tier 4 Urban Cooperative Banks (UCBs) in Gujarat, taking place at Le Meridien, Ramdev Nagar Cross Road, Ahmedabad.
The full-day event saw participation from chairmen, directors, and senior management officials, including managing directors, as well as heads of audit, compliance, and credit from selected banks.
The workshop kicked off with a warm welcome and a keynote address, followed by a panel discussion centered on the “Crucial Role of CEOs and Senior Management in UCBs – Way Forward.” The session was skillfully moderated by the CEO of Rajkot Nagrik Sahakari Bank. Panelists included the CEOs of The Kalupur Commercial Cooperative Bank, Ahmedabad Mercantile Cooperative Bank, Prime Cooperative Bank (Surat), and Varachha Cooperative Bank (Surat).
RBI officials, including CGM Ranjish, DGM Nitin, and Majumdar, engaged with participants and shared valuable insights. After lunch, the sessions delved into assurance functions, systems and controls, including KYC/AML compliance, and enforcement issues, emphasizing common grounds for penalties and strategies to mitigate them.
One participant shared with Indian Cooperative, “The sessions were incredibly insightful, especially regarding compliance and risk management. Having direct interaction with RBI officials really helps us align our practices with what’s expected by regulators.
“We often struggle with interpreting certain regulatory guidelines, and workshops like this offer the clarity we desperately need. The discussions on assurance functions and enforcement were particularly beneficial, as they laid out practical steps that banks can take to steer clear of penalties,” the participant added.
Another participant remarked, “This also provided us with a great platform to share perspectives with fellow co-op bankers, which is invaluable for learning from each other’s experiences. Looking ahead, we hope for more such interactions from the regulator, as they not only enhance governance but also boost confidence among cooperative banks to operate more effectively in a competitive landscape.”
The workshop wrapped up with a farewell and a Q&A session, highlighting RBI’s commitment to enhancing governance, compliance, and professional management in UCBs to tackle the challenges that lie ahead.