Indian Banks are still not prepared to handle risks
By Joseph Samson
Sep 25, 2013
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The system of Indian Banking does not have a systemic method of approaching risk management, said K. C. Chakrabarty- Deputy Governor of the Reserve Bank of India on Monday. The Bankers' Club had organized a meeting where Dr. Chakrabarty spoke about danger based supervision in Indian banking. He also stated that the worldwide budgetary emergency had indicated that banks that were finishing great were likewise the ones that drag more stupendous danger. Dr. Chakrabarty stated that The Management Information System or MIS of Indian banks' was insufficient to assemble prove on the degree of potential danger that they undergo. "A great MIS framework is an essential for doing a fitting hazard based evaluation," he said. He said Indian banks, and some degree the controller too, had "minimal clarity" on a few issues, which could be a potential wellspring of dangers. The Indian keeping money framework had not yet built hazard return exchange.

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