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1、“RISKMANAGEMENTINCOMMERCIALBANKS”(ACASESTUDYOFPUBLICANDPRIVATESECTORBANKS)-ABSTRACTONLY1.PREAMBLE:1.1RiskManagement:Thefutureofbankingwillundoubtedlyrestonriskmanagementdynamics.Onlythosebanksthathaveefficientriskmanagementsystemwillsurviveinthemarketinthelon
2、grun.Theeffectivemanagementofcreditriskisacriticalcomponentofcomprehensiveriskmanagementessentialforlong-termsuccessofabankinginstitution.Creditriskistheoldestandbiggestriskthatbank,byvirtueofitsverynatureofbusiness,inherits.Thishashowever,acquiredagreatersig
3、nificanceintherecentpastforvariousreasons.Foremostamongthemisthewindofeconomicliberalizationthatisblowingacrosstheglobe.Indiaisnoexceptiontothisswingtowardsmarketdriveneconomy.Competitionfromwithinandoutsidethecountryhasintensified.Thishasresultedinmultiplici
4、tyofrisksbothinnumberandvolumeresultinginvolatilemarkets.Aprecursortosuccessfulmanagementofcreditriskisaclearunderstandingaboutrisksinvolvedinlending,quantificationsofriskswithineachitemoftheportfolioandreachingaconclusionastothelikelycompositecreditriskprofi
5、leofabank.Thecornerstoneofcreditriskmanagementistheestablishmentofaframeworkthatdefinescorporatepriorities,loanapprovalprocess,creditriskratingsystem,risk-adjustedpricingsystem,loan-reviewmechanismandcomprehensivereportingsystem.1.2Significanceofthestudy:Thef
6、undamentalbusinessoflendinghasbroughttroubletoindividualbanksandentirebankingsystem.Itis,therefore,imperativethatthebanksareadequatesystemsforcreditassessmentofindividualprojectsandevaluatingriskassociatedtherewithaswellastheindustryasawhole.Generally,Banksin
7、Indiaevaluateaproposalthroughthetraditionaltoolsofprojectfinancing,computingmaximumpermissiblelimits,assessingmanagementcapabilitiesandprescribingaceilingforanindustryexposure.Asbanksmoveintoanewhighpoweredworldoffinancialoperationsandtrading,withnewrisks,the
8、needisfeltformoresophisticatedandversatileinstrumentsforriskassessment,monitoringandcontrollingriskexposures.Itis,therefore,timethatbanksmanagementsequipthemselvesfullytograpplewiththedem
