There is a very good document and a survey from Ernst & Young on "Risk Management in India". It clearly depicts the true position of Indian corporates when it comes to Risk Management.
Red flags are very useful in combating frauds. With more and more innovative ways of perpetuating frauds, companies struggle to keep pace with these fraud methodologies.
Here is summary of the recent norms issued in the Discussion Paper released by RBI on Aug 11, 2010. The norms detail out the pros and cons of what our new Banks will look like.
Not all risk management efforts need to be innovative or resource consuming. Benchmarking Business Analytics with peer group companies can also yield valuable risk management benefits.
This commercial from KPMG captures the essence of Risk Management. Taking Risks throughout the day, but only to the extent that your risk appetite allows you to.
Article on Indian Journey to Basel II attached ----- Article Submitted By: Professor Satchidananda Sogala Ph.D., satchidananda.sogala@srichidtechnologies.com Founder & CEO, Srichid Technologies