RBI urges cooperative banks to strengthen operational resiliency

The Reserve Bank of India (RBI) has urged cooperative banks to maintain the trust of their depositors. They want these banks to be strong and prepared against operational risks, especially cyber threats. On Wednesday, RBI Governor Sanjay Malhotra held a meeting with leaders of several urban cooperative banks. This included chairmen, managing directors, and chief executive officers from different regions. Industry representatives also took part in the discussion. The meeting aimed to reinforce RBI's relationship with these banks and improve their resilience in the face of challenges.