Conference for Registrars of Cooperative Societies · 2026-2027/1021
RBI press-release 2026-2027/1021 · 02 Sept 2026
Official title
Conference for Registrars of Cooperative Societies held at Reserve Bank of India, New Delhi on September 1, 2026
RBI press-release 2026-2027/1021 · 02 Sept 2026
Official title
Conference for Registrars of Cooperative Societies held at Reserve Bank of India, New Delhi on September 1, 2026
Summary
Check the official recordThe Reserve Bank of India hosted the Third Conference of Registrars of Cooperative Societies on September 1, 2026. Participants included Deputy Governors of the Reserve Bank of India, the Central Registrar of Cooperative Societies, and state Registrars of Cooperative Societies. The conference focused on governance, regulatory, and supervisory issues for Urban Cooperative Banks. Speakers emphasized the need for stronger institutional capacity, robust internal controls, and technology adoption. The discussions also covered expectations from the Reserve Bank of India and the Deposit Insurance and Credit Guarantee Corporation. The participants addressed the importance of professional management and timely resolution of weak banks.
Key dates
Who is affected
September 02, 2026
Conference for Registrars of Cooperative Societies held at Reserve Bank of India, New Delhi on September 1, 2026
The Reserve Bank of India (RBI) hosted the Third Conference of Registrars of Cooperative Societies (RCSs) at its New Delhi office on September 1, 2026. Deputy Governors Shri Swaminathan J. and Shri Shirish Chandra Murmu, Shri Shiv Pal Singh, Central Registrar of Cooperative Societies (CRCS), Registrars of Cooperative Societies from various States, and senior officials of the RBI participated in the Conference.
Deputy Governor Shri Swaminathan J emphasised stronger governance and institutional capacity in UCBs, closer coordination between the RBI and the RCS/CRCS, and timely action where needed. He also highlighted the need to strengthen controls against cyber-enabled frauds and money-mule accounts, and referred to Mission SAKSHAM as an initiative for capacity building in the sector.
Deputy Governor Shri Shirish Chandra Murmu observed that while cooperation has deep roots in India, a cooperative society, once licensed as a bank, assumes greater responsibilities and accountability. He emphasised the importance of professional and fit-and-proper Boards and senior management, robust internal controls, greater technology adoption and timely resolution of weak UCBs.
Shri Shiv Pal Singh, Central Registrar of Cooperative Societies (CRCS), emphasised closer coordination between the cooperative authorities and the RBI, continued professionalisation of UCBs, and timely resolution of banks under liquidation.
Discussions during the Conference covered key governance, regulatory and supervisory issues concerning UCBs, including the expectations of the RBI and the Deposit Insurance and Credit Guarantee Corporation (DICGC).
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/1021
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