The Reserve Bank of India organized a conference in Mumbai at the Taj Mahal Palace Hotel for the heads of assurance functions, including Chief Compliance Officers, Chief Risk Officers, and Heads of Internal Audit from select Urban Co-operative Banks (UCBs).
The conference saw the participation of around 300 attendees representing over 120 UCBs, including prominent banks such as Saraswat Bank, SVC Co-op Bank, Cosmos Co-op Bank, TJSB Sahakari Bank, Karad Urban Cooperative Bank, Mahanagar Cooperative Bank, Bharat Cooperative Bank, NKGSB Cooperative Bank, and Kalupur Commercial Cooperative Bank, among others.
Under the theme “Resilient Financial System – Role of Effective Assurance Functions,” this event is part of a series of supervisory engagements that the RBI has been conducting with its regulated entities over the past year. Previous conferences have included heads of assurance functions from Scheduled Commercial Banks and Non-Banking Financial Companies.
The conference featured addresses by RBI Deputy Governors Shri M. Rajeshwar Rao and Shri Swaminathan J. Other notable participants included Executive Directors Shri S.C. Murmu, Shri Saurav Sinha, Shri Rohit Jain, and Shri…
