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Preparedness of Indian Banks in Managing Operational Risk

D. Tripati Rao and Prodipta Ghosh
Economic and Political Weekly
Vol. 43, No. 18 (May 3 - 9, 2008), pp. 47-51, 53
Stable URL: http://www.jstor.org/stable/40277665
Page Count: 6
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preparedness of Indian Banks in Managing Operational Risk
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Abstract

While the recent incidents of catastrophic business failures and Basel II requirements of capital charge for operational risk have increased awareness about the latter, it has also sparked a debate on its measurement as well as its management. This is an analysis of the compelling reasons for an objective and effective management of operational risk and a brief recall of the present methods for measuring and modelling it. Subsequently, through the results of a survey to take stock of the preparedness of Indian banks in managing such risk, the authors find that the Indian banking sector is still in its preparatory stage and is constrained in implementing a sound operational risk management system as it is wanting in risk transfer and its quantification.

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