The Reserve Bank of India (RBI) held the Second Conference of State Registrars of Cooperative Societies (RCSs) at its New Delhi office on November 14, 2024. The speakers stressed that governance and risk management challenges could hinder effective management and urged stronger collaboration between the RCSs and RBI to enforce governance standards, resolve weak banks, and streamline compliance.
Discussions during the Conference revolved around regulatory and governance issues in UCBs and the expectations of the Reserve Bank and the Deposit Insurance and Credit Guarantee Corporation (DICGC). The Conference also included an open house interactive session between the RCSs and the senior officers of the RBI.
