Vijaya Bank hires ICRA to implement risk management system
By Our Banking Bureau | 08 Jan 2005
Bangalore:
Vijaya Bank has entered into an agreement with ICRA to
implement an enterprise wide integrated risk management
system.
The 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.
Vijaya 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.