Vijaya Bank has entered into an agreement with ICRA to
implement an enterprise wide integrated risk management
project will take care of the entire requirements of risk
management in the bank. It includes implementing the Reserve
Bank of India guidelines on risk management and covers
areas in ''credit risk management'', ''market risk management'',
''asset liability management'', operational risk management'',
''risk focused internal audit'', Basel II framework, etc.
The project is also expected to develop a robust MIS with
complete integration with the core banking solution, to
support effective implementation of risk management system
in the bank.
Bank, established in 1931, is one of the oldest banks
in India, with a business base in excess of Rs32,000 crore.
The bank headquartered
in Bangalore, has a pan-India presence with a network
of 891 branches and 64 extension counters spread over.