Risk Management in Banking Sector: An Overview

Abstract

In this era of Liberalization, Privatization and Globalization where competition is becoming a buzzword, the banking sector in emerging economies is witnessing a radical change. Due to the fast changing financial environment, the banking sector is exposed to a number of risks. The present article begins with an introduction to the commercial banking in Indian Scenario and further tries to locate the risk management areas in Banking Sector. The article further highlights the increasing role of Cost and Management Accountants (CMAs) in commercial banks in India so to contribute towards risk management functions to increase its efficiency and growth.