Risk Management has assumed great significance in the global economic scenario. More and more companies are recognising the need for implementing the concept in their organisation. Unless risk is monitored properly the very existence of business may be at stake. The technological advancement has revolutionised the ways of doing business but at the same time has posed new challenges to manage and contain risk.
In western countries, Risk Management is an important area which has attracted the attention of Bankers, Insurers, Financial Institutions, Government, business houses, in forecasting the imminent risk in undertaking any project/work and taking suitable precautions to avoid or minimize the adverse impact of risk. Read more
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How Indian Businesses Can Grow Sustainably With ESG Approach
With spotlight on measures taken by businesses to safeguard the environment, the implications of covering the environmental, social and governance (ESG) criteria are being acknowledged by them, their investors and even regulators. ESG, used interchangeably with sustainability, is about pursuing Read More …
What happened to SVB cannot happen to banks in India
I must confess that it is a strong statement to make, especially when I have typically confined myself to the realms of probabilities in the past. Nonetheless, I am unequivocally convinced that the circumstances that led to the collapse of Read More …
India Inc cannot take its eyes off ESG if it aims to become future-ready
The mainstreaming of environmental, social and governance (ESG) principles by corporates acknowledges the fact that their integration furthers the sustainability of a business by safeguarding the environment, the society, and the interests of various stakeholders. Investors, on their part, are Read More …
Risk Governance ‘Critical for Bank Success’ Says ABA SVP of Risk
The entire risk governance structure is likely to be front and centre in 2022 according to the American Bankers Association (ABA). In an article on ‘Top Bank Risks for 2022’, the ABA said that while risk management has always been a vital Read More …
Odisha holds 2-day workshop on disaster & risk management
In association with Odisha State Disaster Management Authority (OSDMA), National Disaster Management Authority (NDMA) is conducting a workshop on Disaster Risk Reduction Measures in Bhubaneswar, starting from February 10 – 11, 2020. Several states including West Bengal, Andhra Pradesh, Jharkhand, Read More …
Risk Management of AI one of top tech trends for 2024
The rapid adoption of artificial intelligence stresses the importance of risk and security management. “Without guardrails, AI models can rapidly generate compounding negative effects that spin out of control, overshadowing any positive performance and societal gains that AI enables”, market Read More …
Report says country receives 5 lakh cybersecurity threats daily
According to a report, India faces one of the highest rates of cyber security threats in the Asia Pacific region – receiving more than 500,000 security alerts daily, which is nearly three times the global average. According to a joint KPMG Read More …
229 banking frauds a day in 2020-21, recovery rate below 1%, RBI says in RTI reply
Banking frauds in India are so frequent and rampant that they no longer surprise most people. For example, take the last financial year, 2020-21, during which more than 83,000 banking frauds took place that syphoned off Rs 1.38 lakh crore. Read More …
8 Ways Companies Could Change How They Manage A Crisis In 2022
Taking a cue from Winston Churchill’s observation that, “Generals are always prepared to fight the last war,” business leaders should make a reality about their plans to prevent or manage a crisis at their company or organization in the new Read More …