Union Minister Amit Shah today chaired a series of review meetings in New Delhi and reviewed national roadmap to strengthen cooperative banking, organic products and cooperative exports. During the review of major cooperative banking initiatives, Mr Shah took stock of the progress of various measures being undertaken to strengthen the cooperative banking sector through technology adoption, improved governance, cybersecurity, digital payments, common service platforms and enhanced service delivery. The Ministry of Corporate Affairs said in a statement that detailed discussions were held on the proposed Cooperative Bank of India and its role in supporting the cooperative banking sector in the coming years.

The progress of Sahakar Sarathi’s technology-driven initiatives for cooperative banks was also reviewed. The meeting noted the encouraging response being received from cooperative banks towards common digital platforms and shared services. The meeting also took note of the work being undertaken for integration of MuleHunter. AI with the Indian Cyber Crime Coordination Centre (I4C) to further strengthen fraud risk management and cyber security capabilities within cooperative banks. This initiative is expected to enhance the preparedness of cooperative banks against emerging digital threats and strengthen trust in digital cooperative banking services.