https://www.taxtmi.com/news?id=50059 Directors of Urban Cooperative Banks must align cooperative identity with banking prudence by prioritising depositor trust through active, independent governance, and strong internal systems. Key obligations include strengthening Board oversight and related-party transparency; ensuring independent, well-resourced risk management, internal audit, and compliance with direct Board access; constructively engaging auditors and supervisors to implement root-cause corrective actions; adopting digital services only after realistic readiness and cybersecurity assessments; and leveraging the Umbrella Organisation for shared technology, capacity building, and fund support. en-us Mon, 21 Jul 2025 17:47:22 +0530 Mon, 21 Jul 2025 17:47:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50059 Directors of Urban Cooperative Banks must align cooperative identity with banking prudence by prioritising depositor trust through active, independent governance, and strong internal systems. Key obligations include strengthening Board oversight and related-party transparency; ensuring independent, well-resourced risk management, internal audit, and compliance with direct Board access; constructively engaging auditors and supervisors to implement root-cause corrective actions; adopting digital services only after realistic readiness and cybersecurity assessments; and leveraging the Umbrella Organisation for shared technology, capacity building, and fund support. News - Mon, 21 Jul 2025 17:47:22 +0530 https://www.taxtmi.com/news?id=50059