Why Indian banks need new measures for operational risk4 min read . Updated: 25 Mar 2022, 02:19 AM IST
Our lenders have good reason to plan appropriately for RBI’s revised rules on capital cushions set to take effect from 2023-24
The banking business in India is going through a rapid transformation phase. As digitalization has taken on greater momentum, banks are now facing emerging business risks. Hazard is intrinsic in any business undertaking, and danger management is a fundamental part of maintaining a fruitful business. Detection of early warning signals or red-flag indicators is crucial for effective management of bank frauds.
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